Following an extensive investigation, the European Union has announced the imposition of extra tariffs on electric vehicles (EVs) imported from China. The decision comes in response to what the EU perceives as unfair support from Beijing for companies that undercut European carmakers.
The additional tariffs range from 17.4% to 38.1%, on top of the existing 10% duty levied by the EU. This move is expected to impact Chinese EV makers differently based on the level of the tariff and each company's cost structure.
