Brussels is seeking to protect the bloc’s auto industry from “unfair” competition The European Union has imposed steep new tariffs on electric vehicles imported from China following an anti-subsidy probe. Brussels is seeking to stem a flood of low-priced EVs from the Asian economic superpower to protect its own manufacturers. The provisional extra duties of up to 38% will apply from July 5 for a maximum duration of four months, according to a press release issued by the European Commission on Thursday. Car maker BYD will be subject to a 17.4% tariff, while Geely, which owns Sweden’s Volvo, is facing a 19.9% tariff
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