Volkswagen Opposes 'Harmful' EU Tariffs on Chinese Electric Cars

Volkswagen on Thursday criticized the EU's plan to impose up to 38 percent duties on Chinese electric car imports, calling them "detrimental" to the European market. The EU proposed these tariffs last month following an investigation into Chinese state subsidies for electric vehicle makers, which could undercut European manufacturers.
Volkswagen's statement rejected countervailing duties, stating they don't enhance the long-term competitiveness of Europe's automotive industry.German auto groups, with significant business interests in China, also opposed the EU's decision, citing weak demand in the European electric car market.
BMW CEO Oliver Zipse echoed Volkswagen's concerns, labeling the tariff dispute as harmful to European manufacturers and globally active companies. He warned that the increased prices on Chinese imports could limit the supply of electric cars to Europe and hinder the transport sector's decarbonization efforts.
The provisional duties include a 17.4 percent tax on market leader BYD, 19.9 percent on Geely, and 37.6 percent on SAIC, effective from Friday, with definitive duties expected in November, pending approval from EU member states. The VDA, Germany's auto industry association, warned of a potential trade conflict with China and urged the EU to seek a negotiated solution to avoid damaging Europe's economy, particularly sectors with significant exports to China.