07:02 AM EDT, 07/05/2024 (MT Newswires) -- The European Commission said on Friday that it has imposed provisional countervailing duties on Chinese imports of battery electric vehicles.

The commission concluded after an investigation that the battery electric vehicle value chain in China benefits from unfair subsidization, causing a threat of economic injury to EU producers.

The European Union will impose up to 37.6% tariffs on imports of electric vehicles made in China for non-cooperating companies.

Battery electric vehicle producers in China, such as Tesla (TSLA), which cooperated in the investigation, are subject to the 20.8% weighted average duty.

The European Commission's provisional duties range between 17.4% and 37.6% without backdating to address concerns about the recent and rapid rise in low-priced electric vehicle exports from China to the EU.

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