Tesla Faces Subsidy Challenges Today, Retaliatory Duties Tomorrow — Panjiva


Tesla Faces Subsidy Challenges Today, Retaliatory Duties Tomorrow

China 1758 Cons. Discr. - Autos 661 European Union 406 Japan 381 Tariffs 1169 U.S. 3297

The Chinese government will cut the subsidies for long-range electric vehicles by 50% as sales begin to accelerate. That may have an out-size impact on luxury sellers such as Tesla. Existing Chinese duties applied to U.S. car exports have already cut shipments by 21.9% year over year in January. Yet, U.S. electric vehicle exports in total surged 185.2% higher after being unchanged in 4Q due to increased exports to Europe. U.S. imports of EVs climbed 49.6% year over year in January as a result of increased shipments from Europe, including of BMW’s i-series. The outlook for U.S. EV imports...

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