The European Commission’s decision to increase taxes on Chinese-made electric vehicles caused a reaction from automobile giants Stellantis (Alfa Romeo, Citroën, DS, Fiat, Jeep, Opel, Peugeot), Mercedes, BMW and VW. This new tax is a result of the anti-dumping investigation launched last year. to 38.1 It will rise up to . So why did this decision attract so much reaction? Here are the details…
Reaction from European automobile giants to the tax increase on Chinese automobiles
BMW CEO Oliver ZipseHe stated that these taxes would harm European companies and European interests. Zipse said protectionism could lead to new tariffs and isolationism, making it harder to compete successfully in international markets.
Mercedes CEO Ola KalleniusHe emphasized that global trade should be free and fair. Kallenius noted the importance of reducing trade barriers rather than increasing them. VWargued that these new taxes would harm the German and European markets, which have weak demand for electric vehicles, rather than increasing the competitiveness of the European automobile industry. Volkswagen stated that the negative effects of this decision outweigh the potential benefits.
After Turkey, the European Union also imposed additional taxes on China!
The European Union will impose additional taxes on Chinese-made electric cars. Accordingly, taxes of up to 38 percent are at the door.
Stellantis He stated that he believed in free and fair competition and that such measures would serve no purpose other than fragmenting world markets. Stellantis stated that the details of this decision of the European Commission will be published in the official gazette on July 4, 2024.
German Automotive Manufacturers Association (VDA) and volvo He also opposed these new taxes. VDA stated that these measures could trigger trade wars and would not increase the competitiveness of the European automobile industry. Volvo’s Chief Commercial Officer and Deputy CEO Björn Annwall said that these taxes will increase the price of electric vehicles and customers will have to pay more.
These new taxes Tesla, BMW, Volvo And Dacia It will also affect Western manufacturers, such as Tesla imports the Model 3 to Europe from China, while BMW produces the electric SUV iX3 and the new electric MINI in China. New taxes will affect these producers billions of euros in additional costs can bring.
How will this new tax decision affect the future of the European automobile industry? Will the trade war between China and Europe be triggered? Or will this decision force European automakers to become more competitive? Time will tell the answers to these questions. So what do you think? You can share your opinions in the comments section below!