EU Tariff Could Cost China Nearly $4 Billion in EV Sales

A potential EU tariff of 20% on China-made electric vehicles would cost China $3.8 billion worth of EV exports to the bloc, but it would also cost EU end-consumers “noticeably higher prices,” Germany’s Kiel Institute for the World Economy said in an analysis on Friday. The EU launched in October 2023 anti-subsidy investigations into EU imports of EVs from China to determine whether the value chains in China benefit from illegal subsidies.

“The decline would largely be offset by an increase in production within the EU and a lower volume of EV exports, which would likely mean noticeably higher prices for end consumers,” they added. The analysis doesn’t factor in a retaliatory move from China, which has threatened a 25% car tariff on EU and U.S. vehicles with big engines, which will hit higher-end European brands such as Mercedes-Benz and BMW the most.

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