The European Commission is contemplating a tariff reduction for China-made electric vehicles (EVs) imported by Volkswagen and BMW, according to sources familiar with the matter. Currently, these vehicles face a tariff of 37.6%, but under the proposed classification as cooperating companies, this could drop to 20.8%.
BMW’s electric Mini manufactured in China and Volkswagen’s Cupra Tavascan from the SEAT brand were not initially included in Brussels’ tariff analysis, automatically subjecting them to the highest tariff level.
This potential tariff adjustment marks an early compromise by Brussels, aiming to alleviate the impact on European automakers who produce vehicles in China and import them into the region. The decision, still pending finalization, has raised concerns within the German car industry about potential retaliatory measures from China, a crucial market where a significant portion of their revenue originates.
While Volkswagen declined to comment and BMW was not immediately available for response, the European Commission spokesperson emphasized that the decision on tariffs is preliminary, with a final determination expected by autumn. They also noted ongoing analysis and consultations with affected parties before any definitive measures are published.
Related Topics:
