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BREAKING NEWS: EU Commission announces preliminary tariffs up to 38% on Chinese EVs (www.euractiv.com)

submitted 5 months ago by MicroWave to c/world

49 comments fedilink hide all child comments

The EU will impose additional tariffs of 17.4% to 38.1% on electric cars produced in China, the European Commission announced on Wednesday (12 June), as preliminary results from its anti-subsidy investigation confirmed prices are being distorted by Chinese state support.

The value chain of Chinese electric cars “benefits from unfair subsidisation, which is causing a threat of economic injury to EU battery electric vehicles producers,” EU Commission Vice-President Margaritis Schinas said on Wednesday (12 June).

“When our partners breach the rules, we will assert our rights,” Executive Vice-President Valdis Dombrovskis said in a statement.

“Today we have reached a milestone in our anti-subsidy investigation,” he said, adding that “this is based on clear evidence of our extensive investigation and in full respect of WTO rules.”

Duties will differ per carmaker, with Chinese state-owned manufacturer SAIC facing the highest duty at 38.1%, Chinese Geely to face 20% and BYD 17.4%.

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[–] [email protected] 1 points 5 months ago (1 children)

A motor basically consists of copper wire and magnets neither of which are expensive materials.

[–] [email protected] 2 points 5 months ago (1 children)

An engine mostly consists of iron and aluminum which is much cheaper than copper. (cars makers are looking at if they can use aluminum wires in their motors - I'm not sure on status of that)

[–] [email protected] 3 points 5 months ago

Yes with hundreds or thousands of parts that all need to be cast or machined to tolerances as tight as a few thousandths of an inch. Electric motors just need copper wire wrapped around in circles and a shaft with magnets attached to it. It's very basic. I get that you want to be right but you're not going to win the argument that electric motors are more expensive or costly to produce than an internal combustion engine.