China enacts extra tariffs on imported cars
![Analysts had a point when they said China would not let the prohibitive tariffs imposed against its EVs by Europe and the United States go unpunished. Analysts had a point when they said China would not let the prohibitive tariffs imposed against its EVs by Europe and the United States go unpunished.](https://4kjf3mn4s8.a.trbcdn.net/storage/images/8/61707/55f485b359a800da3e03d1acdeee2b1a01.jpg)
Analysts had a point when they said China would not let the prohibitive tariffs imposed against its EVs by Europe and the United States go unpunished.
The final decision hasn’t been made yet, but it seems only a matter of time at this point. Initially, the China Chamber of Commerce proposed raising the import fee for all vehicles with 2.5 and more liters of displacement from 15 to 25 percent. This initiative has now been backed by a whole number of local automakers, including such major players as SAIC and BYD. According to the country’s Association of Automobile Manufacturers, China brought in 196,000 vehicles with large-displacement engines in 2023, signifying an 11% growth over 2022.
Cars with engines sized 2.5 liters and larger are considered premium in the country, and are sold at a decent profit compared to their wallet-friendly alternatives. Losing this slice of the market may end up costing billions of euros in lost profits for EU automakers.
Editor Andrew Raspopov
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