Low sales of electric cars
Market data from the analytical company Dataforce show that Chinese manufacturers, such as BYD and SAIC Motor (owner of, among others, the British sports car brand MG), recorded lower sales results of new electric cars in the EU in November.
Sales of “electrics” amounted to 7.4 percent, which meant a decline of 0.8 percent. compared to October, when both companies were responsible for 8.2 percent. new registrations of this type of cars in the EU and the lowest sales results since March this year – the Belga agency reported on Monday.
This is the result of EU customs duties
The decline is the result of higher import duties on electric cars produced in China introduced by the EU at the end of October. The new tariffs range from 7.8 to 35.3 percent. and are imposed in addition to the 10% tariffs already in force in the EU on imported cars.
The reason for imposing tariffs was the subsidization of production by the authorities in Beijing, which allowed Chinese manufacturers to sell cars at artificially low prices and constituted unfair competition against European producers. The amount of the fee depends on how much the company was subsidized and whether it cooperated with the European Commission in its investigation.
China’s retaliation
In response to the EU’s action, China launched its own investigation into unfair trade practices, including in relation to European dairy and pork.
Europe is still the main buyer of Chinese e-cars; about 40 percent goes here. local production.
From Brussels Jowita Kiwnik Pargana (PAP)
