Europe and East Asia
2 developments across 1 briefing for this region.
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- European Union and China
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Even a 38% tariff would not close the asserted price gap between Chinese and European electric vehicles, citing first-half 2023 averages.
Assessment development · updated through
EU tariffs will not eliminate Chinese EV price advantage
Even a 38% tariff would not close the asserted price gap between Chinese and European electric vehicles, citing first-half 2023 averages.
Open source reportChronology
Development timeline
EU tariffs will not eliminate Chinese EV price advantage
Chinese EVs are so much cheaper than EU competitors that even a 38% tariff won't make up the difference: in 1H 2023, the average retail price of a Chinese EV was $33,000 vs. $70,700 in Europe.
Even a 38% tariff would not close the asserted price gap between Chinese and European electric vehicles, citing first-half 2023 averages.
Open source reportEU proposes tariffs of up to 38% on Chinese electric vehicles
The EU proposed a plan to level the playing field by imposing new tariffs of up to 38% on cheap Chinese EV imports. China decried the EU's decision and urged the bloc to reverse its "wrong direction" on tariffs.
An EU subsidy investigation led the bloc to propose additional tariffs of up to 38% on Chinese electric-vehicle imports, while China called for the policy to be reversed.
Open source report