According to POLITICO, a number of Chinese passenger car manufacturers have put in a last-minute request with the European Commission (EC) to limit the heavy impact of additional tariffs aimed at Chinese-made BEVs entering the European Union's (EU) 27 single market area, which has been provisionally imposed since July 5th, 2024, ranging from 9% for Tesla models up to 36.3% for SAIC's MG and Maxus brands.
EU member states will vote on the implementation of the new tariffs later next month.
The deal would involve Chinese OEMs agreeing to introduce a quota system limiting the number of models they would export to the EU each year in return for a lower or no increase in tariffs from the current 10% levy already in place for all imported fully-built-up passenger cars from China entering the EU.
However...
We believe that rings hollow given the current logistical congestion and Pure Car Truck Carrier (PCTC) vessel shortage used to transport those vehicles from China to Europe, as outlined in our latest China Study, meaning they are effectively limited in the short-term if they like it or not.
The study published last week expects between 600,000 and 700,000 Chinese made passenger cars to enter the West European region during 2024, which includes non-EU markets, Norway, Switzerland and Iceland (EFTA), plus the UK.
Of those 400,000 - 450,000 are expect to be BEV models, including Western brand models such as BMW, Tesla and Dacia models. Chinese only-brand data is also supplied in the study
The PCTC shortage is featured intensively in our full China Study, which has been available since last week..◼︎︎
More exclusive in-depth data like this and insights are published for subscribers (€) in the The European Electric Car Study and our Quarterly China OEM Study which focusses on Chinese OEMs progress in the European arena with a forecast to 2030, published by Schmidt Automotive Research.
*Western Europe 18 Markets: EU Member States prior to the 2004 enlargement plus EFTA markets Norway, Switzerland, Iceland, plus UK
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