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BREAKING NEWS: EU Commission announces preliminary tariffs up to 38% on Chinese EVs (www.euractiv.com)

submitted 3 months ago by MicroWave@lemmy.world to c/world@lemmy.world

10 comments fedilink hide all child comments

The EU will impose additional tariffs of 17.4% to 38.1% on electric cars produced in China, the European Commission announced on Wednesday (12 June), as preliminary results from its anti-subsidy investigation confirmed prices are being distorted by Chinese state support.

The value chain of Chinese electric cars “benefits from unfair subsidisation, which is causing a threat of economic injury to EU battery electric vehicles producers,” EU Commission Vice-President Margaritis Schinas said on Wednesday (12 June).

“When our partners breach the rules, we will assert our rights,” Executive Vice-President Valdis Dombrovskis said in a statement.

“Today we have reached a milestone in our anti-subsidy investigation,” he said, adding that “this is based on clear evidence of our extensive investigation and in full respect of WTO rules.”

Duties will differ per carmaker, with Chinese state-owned manufacturer SAIC facing the highest duty at 38.1%, Chinese Geely to face 20% and BYD 17.4%.

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[–] Moonrise2473@feddit.it 1 points 3 months ago (1 children)

so:

car dealers don't want to sell EVs, you need to push them otherwise they'll try to sell an ICE model
car makers have collectively decided that EV = luxury vehicle that must be sold at least for 45k
car makers don't really want to make EVs - when the government they introduce a tax subsidy, they increase the price by that exact amount (VW Up for example, they decided that it could be never to sold 5k over the ICE model - when the government increased the subsidy, VW increased the price, and when the subsidy rose to 13k they discontinued the model as it would cannibalize sales of other models)
charge point operators just want to get the european funds to install chargers, but then they're going to neglect any kind of maintenance, to the point that for enelx fast chargers it's the norm to find them broken or out of service and the exception when they work as intended.
charge point operators also don't really want to sell electricity, so they set a 2000% markup. Paying electricity for 1 euro per kwh it's like paying gas at 3 euro per liter
charge point operators have collectively decided that in order to pay for the charge, customers must use the most user-unfriendly process as possible. Can't just accept credit card at the POS with lower fees, no, must register on the proprietary app, search for the charger on the map that almost always requires google play services, find it, guess which of the 8 pins on the map is the right one, hope that unlocks, and so on.

it's almost a miracle that you can see people driving an EV in italy

[–] Quik@infosec.pub 1 points 3 months ago (1 children)

The point with EVs being over 45k is mostly the extremely pricey battery, China just subsidized until their cars are at a better price, the EU wants to protect European car manufacturers, that’s that.

[–] wewbull@feddit.uk 1 points 3 months ago

Battery prices are now close to $100 per kWh and are predicted to keep dropping.

https://www.goldmansachs.com/intelligence/pages/electric-vehicle-battery-prices-falling.html

That's $7k for the 60-70kWh battery we see in lots of cars. That's offset against an engine that has multiple hundreds of moving parts, also worth several thousand.