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The European Union will soon vote on increases to tariffs on Chinese-made electric vehicles.
EU member states are voting on the tariffs on October 4, with the proposed levies ranging between 7.8% on imported Teslas made in China to as much as 45% for some Chinese automakers. The EU enacted provisional tariffs against imported Chinese EVs in July, which ranged between 21% and 38%, depending on the level to which some car manufacturers cooperated with the EU's anti-dumping investigation. With those provisional tariffs expiring in November, the EU's next vote would keep levies in place for the next five years.
According to The New York Times, the vote is expected to pass with support from France, Italy, Greece and Poland. In order to block the proposal, 15 countries that combine for 65% of the EU's population would need to oppose the tariffs. The EU Commission estimates that registrations of Chinese EVs in Europe have risen from 3.5% in 2020 to more than 27% by mid-2024. Both the EU and the U.S. have also raised concerns over China flooding global markets with low-priced, government-subsidized EVs.
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