The European Union and China might have just thrown their weight behind
fatal strike against Tesla in Europe
as both parties consider establishing minimum price points
r Chinese-made electric vehicle
Rather than employing the high tariffs implemented by the EU last year, European and Chinese trade commissioners have recently consented to negotiate establishing minimum price floors. Discussions are set to commence right away.
This is terrifying news for Tesla, a company whose control over the European market has depended on the absence of significant Chinese electric vehicle presence so far, as reported.
Reuters
Last October, the EU raised tariffs on Chinese-made electric vehicles to as high as 45.3%. However, these taxes might soon be removed in exchange for potential pledges regarding minimum pricing—referred to as price undertakings—for imported automobiles. Currently, the European Commission imposes extra duties: an added 17% tariff on BYD-manufactured vehicles, 18.8% on those from Geely, and 35.3% on SAIC products, along with the usual 10% import tax applicable to all foreign vehicles.
This, naturally, is occurring following
Donald Trump’s will-they-won’t-they tariffs
With the global situation harming automakers worldwide—including Tesla—the company based in Austin, Texas, can’t withstand additional negative developments. Moreover, sales performance across Europe is concerning.
dropped sharply as sales plunged by 62% in Germany
Based on our earlier reports, overall, as of
In March, Tesla experienced a 43% decline in sales.
Should Musk continue with his political stunts, I wouldn’t be shocked if those figures decrease even more.
Read more:
Purchase one of these electric pickup trucks instead of embarrassing yourself with a Tesla Cybertruck.
Chinese Electric Vehicles Might Rule Over Europe
This is quite straightforward: it’s great news for those who appreciate quality automobiles. There’s no secret as to why both the U.S. and the EU impose substantial tariffs on Chinese electric vehicles—they’re often exceptionally impressive, frequently outperforming their European or American counterparts. Were these vehicles more readily accessible at comparable price points in either market, they would likely dominate sales over locally produced EVs.
The primary concern for many potential electric vehicle buyers usually revolves around charging infrastructure and range anxiety. Based on current observations, China appears to have addressed these issues quite effectively.
BYD has recently unveiled two electric vehicles equipped with “Megawatt” charging technology.
They claimed they could add approximately 250 miles of range in just five minutes. This is almost quicker than filling up with gasoline yourself. Certainly, this alone is quite impressive, but when you take into account that both
Han L and Tang L begin at less than the equivalent of $29,000.
, things become completely outrageous.
Under the sun, there isn’t anything from Western automakers—be it Tesla, Ford, or Mercedes-Benz—that comes close to matching this. This makes it a significant potential victory for European consumers should they gain access to these vehicles. It’s unlikely we’ll witness something similar materialize in the U.S. anytime soon, particularly as we increasingly cut ties with the global market.
Want more like this?
Join the Jalopnik newsletter
To receive the most recent automobile news directly in your mailbox…
Read the
original article on Jalopnik
.