Canada to impose zero tariffs on Chinese electric vehicles

Canada to impose zero tariffs on Chinese electric vehicles


This time after the USA and Europe Canada took a step. The country imposed 100 percent customs duty on electric vehicles produced in China will apply.

Canada, announced today that the new period will start on October 1. With this decision, Canada will increase the prices of Chinese electric vehicles. Today, it also announced It also announced that it will impose a 25 percent tariff on steel and aluminum coming from China starting October 15. The last step taken in this regard was in Europe. Electric vehicles brought to Europe from China, has been facing an additional customs duty of up to 37.6 percent in addition to the existing 10 percent customs duty for some time now. In the process, taxation varies from brand to brand. For example, the owner of MG SAICwhich is the highest rate 37.6 percent was taxed on top. Geely 19.9 percent extra for vehicles, BYD as an extra for vehicles A tariff of 17.4 was applied. Another update was made to these rates last week.

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For example The extra tax burden on Tesla vehicles imported from/manufactured in China has been reduced from 20.8 percent to 9 percent. BYD’s tax rate 17 percent‘e, Geely’s 19 percent‘a, SAIC’s 36.3 percent. Other brands that cooperated within the scope of the investigation are now 21.3 percentand those who don’t 36.3 percent It was announced that it will face a tax. All these rates are added to the 10 percent tax that Chinese cars imported to the EU are currently subject to, as we said above. This situation, of course, increases car prices considerably. The European Union implemented this extra tax on the grounds that Chinese manufacturers were distorting competition with the huge state support they received.

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