China Says EU Tariffs Won’t STOP its EV expansion across Europe
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- เผยแพร่เมื่อ 17 ก.ย. 2024
- China Says EU Tariffs Won’t STOP its EV expansion across Europe
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So China will just dominate the rest of the global market and EU and US EVs won't be able to be sold anywhere because they're too expensive.
Lol. Great strategy by the Western Auto.
Morons.
Pretty much what happened with the Japanese manufacturers in the 1970s. Before then there were dozens of individual US and European manufacturers.
Meanwhile Aussies are enjoying the cheapst EVs in the west.
And further dependencies on China.
@@zenster1097 and? what does that do?
@@MGZetta never good to de dependant of fascist countries like china
@@zenster1097😂 go buy a ford EV then.
It amazes me there’s actually people who enjoy EV’s
Suggestion: Europe and the US can sell their expensive cars to each other.
These chinese cars cost the same than tesla, even before these tariffs
Dude you made my day hahahahahahaha
China can sell cars in the EU for 1 euro.
We sell cars at exactly what they should cost. None of this government sponsored car dumping.
@@plau2007 why the fuck any one wants europe market. lol
BRICs expanded to more than 1/2 the worlds population. Europe and America are isolating themselves while not competing.
R, I , C don't trust each other with C being the most untrustworthy. You are clueless about their real influence as a unit upon the global stage. C wants to destroy America but it has severe effects on C.
If you say so, but you would have to be a fool to think that China or others won't pull the same trick on any of the BRICs countries, there are many industries that China could target in the BRICs countries and probably will overtime to give them an edge, let's see how your own countries respond with that when industries and jobs are at stake.
Basically what I'm getting at, it's easy to talk when you have little to protect, it's a different ball game when your livelihood is being targeted, for nor, the EU and US have more to protect, but even BRICs countries have a lot to protect, just that they are not the target yet, but give it time, after all, it's not hard to see what China game is.
Yeah! 😂😂 Is Great Venezuela already part of it?! Where they have a weekly inflation equivalent to the annual inflation in other countries? Where Ruzzia cannot get its money out from the commodities shipped to China, but have to buy Chinese goods? Yeah, Chinese BEVs for Ruzzians sitting on oil ... 😂
@@paul1979uk2000 Al Capone (the West) is isolating itself because it cannot compete, and the BRICS are tired of being surrounded by 800 U.S. military bases. Using the dollar helps fund their being surrounded.
European taxpayers have to pay more for the same car. Just blame your own rich, cold war minded politicians.
Globalization, free trade, deregulation, free trade agreement etc
Who invented and pushed hard all these alien trade concepts to the developing countries and global majority ?
After losing out and beaten by the competitors in their own games, who quickly shut the doors to the competition?
VW group and other EU carmakers enjoyed unbridled access to the Chinese market for 4 decades, earning billions in the process. But when the Chinese companies have caught up and wants to sell their cars to EU, how dare they try to make money off us.
The companies don't pay these taxes, the importers pay it and charge it to customers.
... And the consumer will choose an European car.
@@plau2007Not if the EU automakers can't get their EVs better and cheaper. I think this will just make EU folks go back to petrol cars... unintended consequences!
Or just buy Tesla model Ys!!
@@plau2007 and european car will have no reason to cut the cost down so it will cost a lot
@@nickmcconnell1291 Renault 5e, Citroen C3e, Skoda Enyak have prices below 30k euro ( without incentives). BYD Seal is 45k euro.
But Chinese companies can sell cars below 15k. If the Chinese government wants to subsidize EU consumers, it is welcome.
@@plau2007 I'm envious that you have these choices. However the BYD already has a 10% tarrif on it as well as shipping costs and greedy dealer markups. Thus the higher price... at least in part.
From the list of cars that you have which do you think has the highest build quality and features (software, comfort, etc)?
We got screwed in the US 102% on EV's and 50% on solar panels.
Tariffs screw the customers not the manufactures,thank you
Cost of living??? Give us cheaper goods from China the people demand
Isn’t it the buyer that pays the tariffs not the car manufacturers .
Only if customers buy China made
If buy EU made no
Result is EU cars still expensive. similar to China cars... May be
At end mean cars are expensive
So there will be slowing down to tanking economy
From stagflation to near bad, if US default that's world depression 7yrs with wars on top
Europe car makers are dying and can not compete with Chinese EVs globally! The West is just showing double standard again on environment protection!
You are right, the West preached environment protection but then they put tariffs on the Chinese EVs. Both the U S and the EU are behind the trend, their automakers and other products they made, they marked sky high of their products made, to please their shareholders and big salary on their executives
🤣
Bingo! Totally agree!
In my opinion we should all be thanking China for helping the world shift to electrification as fast as possible. We should drop all tariffs completely.
We have to put the brakes on climate change now ASAP!
We don't have time to give a crap about jobs or nations etc. This is a human thing NOT a Chinese or EU or US thing.
For those reading this and scoffing you need to understand what global warming is going to do to crop production and your children and grandchildren. The warming is causing more and more erratic weather. You see it already.... it will be way worse soon. There will be more and more crop failures worldwide. Nowhere will be immune except indoor controlled hydroponic facilities. I see few being built.
In 50 years entire countries will... not "may"... run out of food and there won't be any available for import. Mass starvation even in 1st world countries.
Yeah they don't put it this brutally in the UN docs because they don't want panic.... but the revelation of what is happening is all there.
WE SHOULD BE PANICKING!
@@nickmcconnell1291 look at their air quality and CO2 emissions, they use 3/4 the oil for double the CO2. If it's about the environment, which they don't care at all about, they brag about their solar farms and show pictures that are obviously not real or my favorite, pictures from US solar farms, they need EV and to stop building new coal plants.
@@nickmcconnell1291 don't worry, I survived the coming ice age caused by pollution
China was selling EVs overpriced for exactly this reason 😊
EU car makers will continue to charge higher prices for their ordinary EVs😂😂😂
I expect Renault 5e. It will cost around 20k euro (with incentives).
We will see. Nothing has been put in place so far. The Chinese dumped their overproduction at European ports a few weks ago. Still no BYD Homepage in German. I found one single dealer 40 km away, which is few in a big area since it is a densely populated area. No infos about guarantee, repair and inspection service etc. available.
I wonder if the dolphins/seagulls/whateveritis are still sitting around at Bremerhaven.
No price has been announced so far.
There are reasons why Germans and Italians are hesitating. Pricing is one of them, but it isn't the price of EVs alone.
Actually, if history is any indicator, the tariffs are probably a stop-gap measure to allow the European car manufactures to adapt to the new reality, the EU has probably warned the European car manufactures that these tariffs are only a stop-gap measure, so adapt or die, the EU has done this many times before to light a fire under a specific industry to change.
Sometimes also, the tariffs are done in such a way that they reduce the percentage of tariffs on the goods by a small amount each year until they are phased out, the idea is to keep constant pressure on the companies in the EU market to force them to change, so in the short term it's painful, but long term they could come out stronger on the world stage for it, whereas without the tariffs, many of these companies could go under because they've been asleep, but this is the case for a lot of companies in the west that need to wake up, especially when it comes to pricing of it's goods.
Yes.
That’s simple economy.
Spoken like an Clown that has never driven a European EV from Audi or BMW.
BYD cars looks and feels great! It's a pity the Europeans are deprived of it.
it's going to hurt the legacy makers as they rely on getting the parts from China for their own vehicles.
in the end EU will be in bigest shit.. expensive ....
Tarrifs only guarantee low quality and higher prices in the long run because the companies do not have to compete as hard.
Actually, it would be a lot worse without the tariffs, if history is any indicator, tariffs are a stop-gap measure to give EU car manufactures time to adapt, it's worked many times in the past to allow the companies to come out stronger on the world stage in time, but it takes time, especially when companies have been found to be sleeping lol.
What China is really angry at isn't so much the tariffs, but the pressure that the tariffs will do on EU manufactures to force them to change and adapt, which makes them more of a threat to EV companies from China on the global scale, but again, that takes time, this has happened many times with the EU for industries that have been asleep, and the EU is likely warning EU car companies, these tariffs are only short term to allow them to adapt, the tariffs might even be on a percentage basis where they lower the tariffs per year to keep the pressure on the EU car companies.
Sometimes this is needed to light the fire under their arse, others like the US have done the same and usually the end result is that your companies come out a lot stronger on the world stage, but that usually takes some time, probably around a decade, that's probably what China is really angry about, not the tariffs, but the impact that it could have in forcing the EU car companies to be more globally competitive on the world stage, which is a threat longer term to China's EV industry.
But seriously guys, check history and you will see this has happened many times before and it's been quite successful in getting industries that are lagging behind to adapt and change over a short amount of time, sometimes a fire under there arse is all that's needed, and it looks like that is what the EU is doing, and probably the US as well.
@@paul1979uk2000 Well said! But from a human, not business, point of view..... wouldn't it be better to put the brakes on overall CO2 emissions faster by letting Chinese made EVs into the EU and US with no tariffs?
Shouldn't we be prioritizing, as people, that we 1) Get rid of proven cancer causing emissions faster, 2) Lower global CO2 emissions as fast as possible?
China's power grid is quickly becoming the cleanest in the world per KW as they have deployed massive solar and wind. Ergo they can manufacture fairly cleanly as to power source and their grid is very quickly moving towards renewable only as the CCP can just shutdown coal and oil power plants at will.
These tariffs, IMO, will just allow the EU and US OEMs to sit on their hands and milk more profit from their ICE cars (as they will remain competitively priced because of tariffs) and leisurely switch to EVs... if they do at all.
Shouldn't we, as a world, take China's industrial might as a blessing and use it to help put the brakes on climate change as quickly as possible? One might say "but what about the loss of jobs in the EU and US?". I would rejoinder "what about your young children and grandchildren who might starve as the ever more wild weather swings decimate crops throughout the world?".
If I believed that the OEMs would quickly change over to EV production I would not be so concerned. As it is I don't think they will move a finger and in fact I predict you will hear that they will announce a slowdown in new EVs forthcoming.
@@paul1979uk2000 Exciting post. Genuinly. But my problem is, I don't see the EU autoindustry wanting to adapt. Germany least of all, but France's car industry is honestly not impressing me either with their willingness to electrify. Renault seems to be waking up sloooooowly, but PSA or now Stellantis, does nothing at all worthwhile as far as I can tell.
BMW and Mercedes do build token numbers of long range EVs, but they are hugely inefficient (often +240 wh/km which is a joke, a TM 3 can nearly double the efficiency). IMO it seems only VW and Renault might be serious, but it's hard to tell if they mean it.
The other issue is that it might not matter if they mean it or not, because the skills required to build ICE-autos are not the same as EVs. Knowledge and competencies in electronics, batteries and computers are frankly more important and a field of intense R&D atm, and the ability to educate software-engineers is just sooo important, and honestly, Germany is a 3rd world country in this kind of tech-business with SAP as their only notable success in tech.
To my knowledge, the UK is the only place in Europe you might have luck finding really good computer-scientists in a meaningful quantity, so France, Germany, Italy and the UK would have to work together like never before to pull this off IMO and I don't see that happening since they are each other's competitors. It is plausible that Scandinavia could muster some good programmers, but their economies are still rather small and I don't know if they can make in impact.
My point is, this isn't just a question of Euroepean automakers "getting the message" about EVs and adapting. It is that to stay competitive with Elon Musk and BYD, Geely, and chinese battery-manufactorers, Europe really, really have to play this wisely and pool its resources. Like an Airbus-kind of collaboration/merger, only with EVs.
Germany may have some manufactoring capacity, but they are dependent on ICE-cars and their tech isn't the first-rate within software and electronics.
France has nuclear energy still, so it's an ideal place for heavy industries and battery manufactoring, potentially. Their industrial sector isn't reeling from the lack of russian gas, which is a huge boon. Italy has capacity still, but like Germany mostly in ICE-vehicles... to their credit, the Gigacasting technology that is secret revolution of the car industry, actually came from Italy first. Which is very interesting to say the least.
And the UK/Scandinavia are probably the best bet for assembling or building software-divisions with people that can code. This will be necessary, and in this regard, Germany and Italy are far behind. I perceive that France does not have the greatest sector within comp-science, but that they are probably still ahead of Germany and Italy.
But as I see it, no one company or country in Europe has the know-how, R&D capacity or even money to counter Elon and China.
First the europeans have to get the message about EVs. Then they have to learn to makething like a Tesla 3 in that price-range, using LFP-batteries, having good software and an efficiency of no worse than 140 wh/km and being able to make lots of them. Currently, I can't see Europe pulling this off as it stands.
Chinese cars in Europe are selling at much higher than what they cost in China. So, they have a huge margin to play around. With inceased tariff, they can reduce their margin and keep the prices remain the same (or just increase them marginally).
There's a high export fees for shipping & insurance. The further cars ship the more expensive also depends on volume that can be sold
China made will still be expensive
Also EU car will be expensive
So it will be economy tank...
World economy will tank anyway 😮
I hope the UK stays out of this TRADE WAR. I think the treatment of the UK by the EU is vindictive. Given this ……Why should Brits support Stellantis, BMW, VW, Renault and Daimler ? when Chinese cars are much better value ?
I agree with you, especially as I am thinking of getting a BYD Dolphin.
@@catherinegrimes2308 Get an MG4 My one is excellent despite occasional glitches in charging, where it sometimes needs to be restarted.
Totally agree. British consumers should take advantage of lower prices of Chinese automobiles to move as far as possible to full electrification. We don't have time to play tariff games.... we have to start putting the brakes on global warning now!
Totally agree, lets have one benefit of leaving EU.
MG are producing decent EV cars for a reasonable cost so ordinary people can afford them. We need to expand ev sales to help the environment.
German manufacturers will be destroyed by China retaliating. Nobody benefits from tariffs long run apart from thieving govts that pocket the tariffs. Another case of govts not acting in the interests of the public. This will not end well
LoL. The UK does what its American masters say.
Quick insightful videos from Sam when it's not about Musk
For some reason anything Musk or Union related gets very different treatment
He has his biases.
Yes, usually works as a Tesla pumper. 😁
@@hardi.howdy.983 The Tesla pump videos are so real. That last one on the 56billion pay was especially one sided.
I guess Sam owns Tesla stock.
I don't know what to bloody think mate cheers
I wouldn't find it surprising if China didn't slap an export tariff on parts for non Chinese vehicles into Europe.
All the damn parts I have had to order for trucks and cars seem to originate from China, even though they are Bosch etc.
We've heard wave after heat wave in the world , why not adopt EV to fight the global warming? Whoever can help save our world should be applauded.
Problem is their not selling enough, and after service will be a mess
Good thing EVs need almost no regular maintenance! Collision damage though will probably have the insurance company writing off the car as parts might be hard to get until the Chinese start manufacturing in the EU.
Chinese companies want to sell EVs like mobile phones.
The import tax is designed to target European car makers not Chinese ones.
They’re the ones massively exporting, their in China produced cars to Europe not Chinese ev makers.
I’ve seen like 4 Chinese cars in total, from one of the biggest European cities😂
All the German car makers will be forced to move production to the US/Mexico.
The high energy prices from buying US instead of Russian gas forced European car makers to move production to the US or China and now due to European tariffs, they can only produce in the US.
It’s designed to push the decoupling in the ev space, separate democratic from autocratic ev supply chains.
It’s such a manipulative series of chess moves from the US and Europe like always will be the looser…
Great points made. I see your point about the friendshoring media narrative. I usually put it more as the neoliberal globalization story breaking down in the face of the changing global economy and science.
Now that China has 3/4 of the worlds advanced technical universities and is producing the majority of new scientific output in material science and other key domains the US & EU has to face reality about what its done to itself by allowing monopolies to form and r&d $ to drop and knowledge of key industries to be lost to lower cost manufacturing areas.
Will the US & EU pull out of their gentle and avoidable decline?
You absolutely right, a lot people missing on that . With all the big auto manufacturers like BMW and Mercedes opposing the tariff. I am surprised the EU still decide to increase tariff. That shows there is a disconnect between the industry and the politicians. Looks like EU’s foreign policy is heavily influenced by US too.
It really depends on what BYD does with its upcoming Hungary assembly line. Could BYD get a major excise tax break for Hungary-assembled cars?
You think this will stop china 😅😅😅😅😅
If the EVs continue to drop in price, so that the car costs half of what the EU equivalent is, a 40% tariff still leaves it competitive (the U.S. double the price tariff is much worse to beat)
One thing that will slow the Chinese roll out, is that they will continue to be very busy just supplying their domestic market. The lowest hanging fruit for Chinese car makers continues to be their home market. For Japan and South Korea, the home market was small making strong exports the easiest way to grow.
But they have now overcapacity,so they must export or look for other opportunities outside china , it s will gonna bad if they don't do that
But they have now overcapacity,so they must export or look for other opportunities outside china , it s will gonna bad if they don't do that
The EV competition is amazing right now in Australia. Prices are coming down hopefully even faster.
You fall into the China ploy of feeding into your greed .
It's not about stopping China, it's about balancing things out to allow Europeans car manufacturers to survive.
Tariffs are usually a stop-gap measure to buy some time to adapt, but the tariffs will likely go up if it's not enough, but the EU should also warn the European car manufactures, wake up and adapt as we won't protect you over the long run, in other words, use this time whiles the tariffs are in to adapt.
Adapt to communist country ways and means ?
China imports 700,000 luxury cars from Europe every year, but Europe is furious when China exports more than 100,000 cheap cars to Europe. What kind of balance is this? Europe will completely disappear its cars exported to China because of its own stupidity.
There's no way EU can compete
Basically because their energy is expensive.
They shot themselves so there's no way out !
No way to adjust also after number of manufacturers closing down, moved
China on other hand get cheaper & cheaper Russian energy.
China cars also can't sell in EU well because it will be expensive.
EU is lose lose bad luck, their leader choice to ruin purposefully.
World will also lose because
After 2024 Nov US election
2025 March /April US will take developed naval powers to war
Humongous fleets
Extreme naval battles
World will be on edge of world depression 7yrs after depression will be war war wars
Civil Unrest
Crazy decades ahead
Communist China also for 75 years said Taiwan is part of China, Communist China also said part of India belongs to China, China also said the entire South China Sea and its oil and gas belongs to China, all I know is talk the talk, China has no way to fight USA or EU in EVs bc China admitted all along it subsidised 60 billions at least into EV
Taiwan belongs to China, ask your government if this is true.
If tariff can block a new tech out of a country, then there must be some countries that use steam engines as major power till now. Is there any coutry like that in the real world? of course no.
Good. MG have been looking to manufacture in Europe, the EU would be (are) stupid to throttle them anyway. As a compromise - factory in Europe with 50% of cars sold there made there, then tariffs on imports cut to that still silly 10% level.
European factories - it'd be the electric motors that get imported from China. Pressing car bodies, all the trim, making batteries likely made in Europe
It seems that both US and EU tariffs target the final assembly process. So it's a protectionism against blue-collar jobs leaving EU and USA.
If a car is designed by Chinese engineers, employed by a Chinese company, with Chinese produced components (batteries, motors, electronics), but FINAL assembly is done in EU/USA/Mexico/Canada/Korea/Japan, then there is no tariffs.
But if a car is designed by German engineers, employed by a German company, with German produced components, but FINAL assembly is in China, then tariffs are added to the final product.
Kind of a weird way of taxing products. Let's hope this does not spread to final assembly of Phones, TV's, Washing machines, Batteries, Toys, Glasses and Halal Poultry.
I predict a lot of Chinese car factories in Mexico. Which suits me fine. A booming Mexico is great for the US.
@@MinusEighty Final assembly lines don't necesseraly mean economic boom. Those factories mean low paying jobs, and the production can be easily moved elsewhere if circumstances change (like end of tax-free status).
EU cars is expensive can't compete because energy to make them is expensive
EU may protect its manufacturing but they will still downsized already have began
EU cars also can't sell world wide well even given no wars
Because their energy is expensive, cars still mostly ICE vehicles
So lose lose for EU, it was their leaders choice to ruin EU
China can't sell in EU well because cars will be expensive
EU citizens will lose job, expensive cars & brace for depression
While US:
After 2024 Nov US election
2025 March / April US will take developed naval powers to war
Humongous fleets
Extreme naval battles to China front door
The message is always the same. China has the right to protect its economy. It is built on protectionism. No one else is.
But this might kill Tesla Model 3 (not made in Berlin) sales in Europe totally: as Tesla 'forgot' to support the investgation, Tesla Molel 3 is going to bee hit with 38% tarrifs. $1.6 billion/year sales will be lost.
The Chinese aren't paying,; the customers are...
Consumers are not paying the taxes if they will buy EU made cars. Even Chinese made EV cars.
There ain´t no customers for these chinese cars, they shoud be 50-70 % cheaper than Tesla or BMW, now they are asking the same price, smh
Very astute observation.
@@plau2007What about Chinese cars assembled in Hungary and Spain?
Keep EV BYD , America doesn’t want it
China sees these added taxes as an investment. Price to pay for doing business. once there’s global adoption of EV’s and there’s no going back, the tariffs will drop fast
Then 200% tax will be imposed. Auto industry pays too many jobs in Europe to give up to Tesla or chinese EVs.
I tell to the Chinese that intead of wasting time on racist western Europe and the racist USA China is doing good in helping regions in Asia, Africa, South and Central America as well as Mexico, Southern, Southeastern and eastern Europe so they become strong trade partners and buy Chinese cars and other products more than they are doing now.
The World is the Market.
china own the biggest car market
@@wenzhang8879 Yes. All the Talk about US EU Market. China own Market is the biggest Market. ❤ Support China.
I wonder what happens if china put the same tarrfis on european products
Due to EU cars ain't selling well for ~3 years
ICE cars
EU will get pork tariff, French wine tariff
French plane may get tariff
German cars tariff...
I'm sure it will hurt.
Both side
With that excuses for participating in war
After 2024 Nov US election
2025 March / April US will take developed naval powers to war
Humongous fleets
Extreme naval battles
If the Chinese Government are subsidising their EV auto manufactures then they are subsidising cleaner air around the world, it should be a good thing both in environmental and consumer terms, but of course its not good for auto makers outside China so EU protectionism is being enforced. Im in the UK and I guess we will do the same.
Why should we, we have nothing to gain and it will just bring problems for JLR
@@trevormangham9957 The government would gain the extra Customs Duty and at the same time hope to protect the jobs of quite a few car factories still operating here in the UK, nearly all foreign owned of course but the jobs are British and pay a substantial amount of tax. As a consumer I would prefer we dont do the same as the EU but its highly likely we will.
The tariffs are missing the mark, the cheaper Chinese EVs come from newer designs and more automation. If you look into the teardown of the BYD Seagull, the consultants will tell you that they're engineered from the start to be more cost conscious, like 1 large wiper blade vs 2 smaller, simpler hatch mechanisms, giga-casting, more robots in the factories. These are not part of western automaker's design vocabulary. Motorized handles, auto cruise-control on every trim, large heavy vehicles with little practical cargo space, etc. That's what western automakers are doing these days. The Chinese EV makers will just build factories in EU to avoid the tariffs, still build cheaper cars because of less (expensive) labor required, once that's done, the legacy automakers will still lose if they don't change their ways.
If Chinese sales are so bad in Europe and they're willing to slap tariffs, then the resulting trade war will affect the Europeans more than the Chinese. If the luxury cars coming out out Europe get a tariffs of 50% in China, they now cannot compete with the local luxury brands , well at least those who are a bit conscious about money would choose a local Chinese brand over a German brand. Maybe Germany should consider exiting Europe like UK did. But the trade war won't be limited to cars. The Chinese are now moving to diary products and maybe luxury goods coming out of Europe to reply in kind.
@@kenbehrens5778 Well, between 2021 and 2023 there were between 20 to 30 billion dollars of German cars exported to China yearly. I'm sure you can do the math if the tariffs on those porches, audis , bmws or mercedes will see the tariffs on them outweigh the tariffs on Chinese cars to Europe which are still in very low numbers as we speak and not as pricey as those german cars. What it neans is that the local Chinese brands will suddenly appears more attractive if a 40% tariif is added to luxury Audi, Bmw or Porsche. And maybe Airbus and luxury cheese and luxury bags will also be targeted. Who knows, anything can happen in a trade war.
It’s interesting China makes very inexpensive EVs today and five years they will be cheaper and far better in range and quality. This is what happens with efficiency. You can’t name any technology that it hasn’t occurred with. Trying to stop the 4th Industrial Revolution is a joke. Many jobs will be gone and maybe economies will no longer exist as many companies will not be able to make money.
Good. Build factories in the EU.
Tariffs will only delay them by a few years, they will set up local manufacturing to get around them an will decimate those legacy manufacturers that haven't utilised the time to mae thmselves competetive.
So every single BEV in EU will jump in price, great news for us all.
Why. There is already competition in the EU on EV market.
Plus Tesla Model 3 doesn't have additional tariffs.
@@plau2007 I recently read that TM3 from assemblies in China will be affected too, but probably not by the maximum tariffs.
@@emilsohn1671 I understand that EU asked Tesla for information. Probably Tesla will build a factory in the EU.
Well they forcing the world to change. Kicking and screaming along the way.
US and EU lawmakers only spring into decisive action when an opportunity arises to make life worse for their ordinary citizens. They made energy more expensive with their ineffective sanctions on Russia (ineffective as Russia has continued to grow whilst European energy prices skyrocketed) and now they're going to make new cars even more expensive. Chinese entrants were forcing price control for Euro brands and when Chinese entrants go away, as does the cooling effect on prices.
the price of EU cars can totally cover the tariff, don't think the tariff can change something, high price, high profit.
IMHO China BEV will not sell well whether China manufacturers care or not
With such price increase, not possible to sell well
Unless they loose larhe margin & make lost in any unforseen circumstances
Some countries in Europa are not in the EU, For exemple Switzerland, Switzerland has also a Free Trade Agreement with China.. The EU will lose then the cars comes anyway. But Tesla has a big problem in Europe , with his over production. They took the unsold cars on an old army airport, there has hunderts of Tesla cars, but Tesla can't sell it. Many people waiting of the Chinese car. Then you get more for your money by chinese cars then by Tesla.
clearly 17.5% is not enough, thanks to Mercedes, but there is not reason it cant go higher.
No sure it will make much difference, as most Chinese car manufacturers double their prices in Europe.
will they increse their already high prices??
@@joeblack4026 I have noticed an Asian mentality, that when business is bad they raise prices to account for drop in profits, In hotels that are half empty they try and charge more for the other half, this tends to have the effect of making totally empty.
They have trouble understanding the relationship between price and sales.
@@williamcox1176 Ok TH-cam Asian expert
Just talking from my own experience, from my travels, your experience may differ.
Really, how interesting, despite the fact that there is a EV sales decline in most Western countries .....
EV sales continue to double every two years.
@@MinusEighty past performance is not an indictor of future performance. Especially during a global economic downturn. EV prices are not dropping because of cheaper production costs, its because of there is a backlog of them. Don't get me wrong, I love electric cars, I own one.
Any source for that claim with numbers? Or just the usual media frenzy?
@@jantjarks7946 any source to your claim that electric car sales are increasing.
@@anthonyg638 The only one who claimed something is you.
Backup or back off. Your choice.
But if you would have anything to backup your claim, you would have added it to your reply already anyways.
As such, nothing to see, nothing to expect. Bye.
To halt (and hopefully reverse) climate change we need people to switch to EV’s. One of the biggest obstacles to this is the high purchase price of EV’s. The only solution is that EV’s are plentiful and affordable. Relatively inexpensive Chinese EV’s are good for the environment. Unfortunately they don’t play fair motivating tariffs that are bad for the environment.
70% of electricity produced in China is using coal.
Every week a new coal power plant is built in China.
EVs production is more energy intensive than ICE.
BEVs can reduce the amount of CO2 only if aren't built in China.
@@plau2007 So you don't know the fact that new coal fired power plant are backup of new solar farm, these new coal fired power plant are not the main source of power in China
@@directxxxx71 Sorry .. you are right coal + natural gas + petroleum makes 65% of energy production in China.
"Yet, China relied on fossil fuels for 65% of its electricity in 2023, making it the world’s largest emitter. Its per capita power sector emissions were more than double the global average."
@@directxxxx71 If a BEV is produced in China takes around 8 years to drive it in order to make the difference of CO2 emitted between a BEV and an ICE.
If it is produced in France only 2 years.
BYD seal is 47k in the Uk and it’s not even as good as the 40k Tesla 3. Hardly a threat is it
It’s not. It’s much better. I’d choose BYD seal over Tesla cheap looking minimal crap anytime.
@@olivertheworld8991 doesn’t get much cheaper than a counterfeit Chinese knockoff though does it. Which is basically what BYD is.
@@mattx4253 fucking Tesla is made in china. Keep crying about your shitty American crap!
BYD Seal is massively marked up in Europe over Chinese prices. They can absorb the tariff. Tesla's Model 3 for Europe is made in China and they barely mark up their vehicles enough to cover VAT and the existing tariff. The added 21% tariff on Tesla will lead to a price increase.
@@larryevans6739 wrong. Compare the Australian price of model 3 to the UK. All are marked up including that Chinese knock off the BYD. Wouldn’t be seen dead driving a chink brand anyway.
These tariffs will slow down the loss of jobs in Europe.
It's already bad, nothing will slow job lost. It will only get worse due to their Nutty EU leaders
It will be world depression 7yrs near end of decade 2030 !
US default Domino on all economy
After 2024 Nov US election
Plus 2025 March / April US will take developed naval powers to war
Humongous fleets
Extreme naval battles
Does it affrct Teslas prices
Yes. Tesla's current markup in EU over Chinese prices are barely enough to cover the existing 10% tariff and ~20% VAT, much less shipping and logistics. They will have an added 21% on top on July 4, which they will have to add to the price. Tesla requested an individually calculated tariff rate for the future, but they do not have that and there is no guarantee it will be that positive.
Surely they must be running out of room at the ports storing these unsold EV’s ?
Not much room with all the fossil cars stored there . Lucky they sell faster with teslas the biggest selling car 2023mand 2024 in the world and going up. They just need to keep pumping to us
@@lifeliver9000 If only, the price of ICE cars are through the roof as demand is so high. Looked at a diesel golf yesterday 2016 plate they wanted 12K for it with 70K on the clock thats insane, sold the next day. Was asking about new car sales, and they said they have slowed down due to interest rates etc. Asked about electric car sale (Arnold Clark) and they just shrugged and said no one wants them, have to sell them at a loss to get rid of them.
@@OverlandExpedition Dead right. I actually have a 2006 diesel Golf. It’s indestructible.. best car I’ve ever had. No EVs for me.
Send them here to Indonesia. They are selling well here.
@@spinningweb749 Given the tariff and poor sales that would be a good option for them 👍
Question: why aren’t the Indians making cars? They are all smart and stuff, right?
The taxes will never benefit us customers.
Their friendship that "knows no limits" has 50 percent tariffs, EU tariffs are cheap and fair
The MG is a seriously fugly car.
BREAKING: Tesla Shareholders APPROVE Elon Musk Plan, Texas Move
Farzad
144K
Europe does not have a 100% electrical car manufacture to protect. Insane.
LMAO @ simping for the middle-kingdom ( and what they stand for)
I suppose at the end of the day, you all still own your own conscience; good luck with it .
The only people to lose out will be customers in Europe having to pay for overpriced cars
Who is supposedly buying all those Chinese EVs? I don’t see them on the road. Outside of Volvos and MGs, nada. Wishful thinking isn’t going to make it so. Perception is reality.
The world is a lot bigger than just Europe. Chinese evs are dominating the market in Asean, Brazil and soon Australia. One out every five cars sold in Mexico is Chinese. They have just started. Wait till all their plants in Europe, Asia, Brazil, and Mexico are up and running.
It will take a while to build the brand. However, it has done before by the Japanese and then the Koreans.
@@MinusEighty True, but they are trying to skip a few steps.😅
I see a few BYD on my way to work around Yorkshire, and I have just seen my first Ora Funky cat today.
I've been driving my MG for 4 years now and going to look at my next one this weekend.
If it wasn't MG and I had another £5k I would buy a tesla. Sod the rest of the European options.
@@Chrom35kull I am in California so my opinions are really about the US market
If Chinese companies want to sell cars in EU, they must build cars in EU! And they must build batteries in EU!
I genuinely think this is what the car company is doing. They are setting up factories. Question is will that be enough for politicians
They are glad to. But it took Tesla three years to build the German factory and start production. Even today the production is interrupted from time to time by environmentlists.
They would fail slave labour standards.
CATL and BYD are working on faster-charging batteries for electric cars, according to Chinese media. CATL plans to launch a new generation of its Qilin battery with a charge rate of 6C in the second half of 2024. And: BYD is also working on a 6C battery, it is said.
I tell to the Chinese that intead of wasting time on racist western Europe and the racist USA China is doing good in helping regions in Asia, Africa, South and Central America as well as Mexico, Southern, Southeastern and eastern Europe so they become strong trade partners and buy Chinese cars and other products more than they are doing now.
Yes Tesla manufactures in China but there are no tariffs🤣🤣
Tesla manufacturers in Berlin for Europe.
@@jwetzel3141 Yes, Teslas made in China will be exported to Europe.
Tesla cars made in China will have an additional 21% tariff.
@@larryevans6739 I'm smiling 🤣🤣
@@바람-t4b Tesla's added markup over Chinese prices is not enough to cover the added tariffs on top of existing taxes included in the price. From the Tesla website: "Model 3 price is likely to increase from 1 July 2024 due to expected import duties."
Why are you surprised we have been telling you for over a year, NO ONE in Europe will buy Chinese cars, NO ONE. Yes MG have made some inroads but only because they are trading on an old British name.
Byd got the lowest tariff of 17.4% and it does not apply to phev. The tariff is not high enough to make their evs uncompetitive. They also have some compelling plug in hybrids models where this new tatiff does not apply. They are also building a plant in Hungary which is exempted from tariff. You are calling it too soon.
And Volvo EVs, also selling well, are not Chinese??
🤔
@@hardi.howdy.983 They are unfortunately. But once again trading on a brand name, and selling well is relative.
"No one will buy Chinese cars!"
Which is why Europe is desperately slapping tariffs on Chinese manufacturers...
Because nobody wants them...
LOL!
😂😂😂😂
@@hardi.howdy.983so,land rover is belongs to india?
Tariffs are only going to mean higher and higher prices for American consumers as GM and Ford continue to raise their prices with no worries about cheap Chinese competition.
Normal. In the decadent & stupid West, the leaders and usual people forget that what does not kill you, is making you stronger...!
what anger is justifiable when foreign car makers were forced to be minority shareholder in China for 35 years, I think you are missing the historical context. As European i think they should provide their technology agains access to the market, i'm against simply barring them from entry, makes no sense, must be some sort of exchange still
Afternoon mate
Yes they use slave labour to make their cars, so low taxes will be a challenge. Probably need 300% slave labour taxes.
Show evidence of slave labour, dude?
You are talking about making cars , not picking cotton.
Well if you class robots as slaves ...
I've been to China, including engine production line. They didn't look like slaves to me especially when the tea pots came out for their tea break!
Another BBC CNN fed 🤡
Chinese cars have no good image Europe. If the prices go up, they won‘t sell at all. Unless China produces somere in Europe, in Bulgary for example
You must have just woken up from a dream man.They are already expanding the fact reason europe and they are selling in europe
Byd is building a plant in Hungary and is exempted from tariffs. The reason EU is imposing higher tariffs because they know the Chinese imports may take over their market and hurt their own brands
European legacy automakers will be losing their Chinese market share in a matter of months.
Don't these politicians and so-called experts have brains to do an easy maths and simple logic thinking?
BYD Atto 3 sells for 17,425 euros in the Chinese market. According to BYD's financial report, its gross profit margin is 23%. That is to say, the cost of each car is 14,167 euros. The price in Germany is 37,990 euros, which is twice the price in China. With a profit margin of 23,823 euros, it still needs subsidies from the Chinese government to enter the European market? Can the Chinese government subsidize 23,823 euros for each Atto 3? BYD sold 15,588 vehicles in Europe in 2023. That is to say, according to the EU's recognition, the Chinese government subsidized BYD by 370 million euros. BYD's sales in Europe in the first four months of 2024 were 28,446 vehicles. Assuming that this volume remains unchanged, the estimated annual sales in 2024 will be 85,338 vehicles. That is to say, a subsidy of 2 billion euros will be required. This is just one company. There are also many Chinese companies in China, such as Geely, SAIC, NIO, and joint ventures in China such as BMW, Volkswagen, and Mercedes-Benz. So, the whole thing is a political issue. As a German, von der Leyen not only did not consider the interests of Germany, but instead cheered for the Americans who wanted to blow up the Nord Stream 2. She is a complete traitor.