Carmakers are not planning immediate price changes for China-made electric vehicles following the European Union’s decision to impose tariffs. Before the EU’s vote on Friday, MG Motor’s French division stated that it would not alter the prices of its electric vehicles in France this year, regardless of the vote’s outcome.
In the recent vote, 10 EU member states supported the tariffs, while five opposed them, and 12 abstained. MG Motor France criticized the tariffs as “excessive,” arguing that they hinder Europe’s transition to greener technology. A source indicated that MG Motor would also maintain its pricing in Italy for the time being, as it assesses strategies to optimize sales in the country, with pricing decisions made monthly.
Seat, a subsidiary of the Volkswagen Group, labeled the EU tariffs as “punitive” and noted that the future of its China-made Cupra Tavascan EV model could be jeopardized. Germany voted against the tariff plan, but Seat plans to keep the Tavascan’s prices stable for all deliveries in 2024.
Chinese electric vehicle manufacturer BYD is also expected to hold its prices steady in Italy until the end of this year, according to a source who spoke to sources.