EU Reduces Tariff on Tesla's China-Made EVs to 9%

Reported about 2 months ago

The European Commission has lowered the proposed tariff on Tesla vehicles produced in China from 20.8% to 9%, following an investigation into alleged subsidies. Tesla, considered a cooperating company in the probe, received a recalculated rate based on the specific subsidies it received. The Commission's findings suggested that while Chinese EV production benefits from extensive subsidies, Tesla's support is comparatively less. Other Chinese firms may also see reduced tariff rates under the new proposals, with varying rates based on their cooperation in the investigation.

Source: YAHOO

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