EU Set to Impose up to 45 Percent Tariffs on China-Made EVs

The new duties will take effect on Oct. 30 and will remain in place for the next five years.

A driver prepares to transport cars at a factory of electric vehicle manufacturer Leapmotor in Jinhua, China's eastern Zhejiang Province, on Sept. 18, 2024. Adek Berry/AFP via Getty Images

The European Union (EU) announced on Oct. 29 that it is ready to collect extra customs duties on electric vehicles (EV) made in China after months-long negotiations with Beijing failed to address the issue identified by the bloc’s investigation.

Starting from Oct. 30, the new duties of up to 35 percent—on top of the standard 10 percent tariff—will come into force. These definitive duties will remain in place for the next five years.