Chinese electric vehicle manufacturers do not seem willing to raise the prices of their models in Europe for now, despite the European Union imposing punitive tariffs that can reach up to 45% on electric cars made in China.
MG Motor Europe has already expressed its disappointment with the European Union’s measure and made it clear that it will continue its operations and commercial expansion process to ensure that its customers benefit from high-quality electric vehicles at competitive prices.
BYD is also expected to keep prices unchanged until the end of this year, according to a source reported by Reuters. Meanwhile, Seat, a unit of the VW Group that imports the electric Cupra Tavascan model from China, stated that it will do everything possible to prevent the tariffs from affecting the price of the Tavascan, ensuring the same for all deliveries made in 2024.
On its part, Volvo, another affected brand, plans to start production of the EX30 in Ghent, Belgium, in the first half of 2025 to avoid the new customs tariffs imposed by the European Union.
It is worth noting that the new tariffs applied to electric vehicles manufactured in China range from 7.8% to 35.3%, depending on the level of cooperation of the manufacturers with the EU investigation.
According to the European Commission, the new customs duties will be applied in addition to the normal 10% EU car tax.
