The 27 EU member states have approved tariffs of up to 45.3% for electric vehicles from China.

The European Union decided, in October 2024, to impose tariffs of up to 45.3% on electric vehicles manufactured in China, following an investigation by the European Commission that identified subsidies from Beijing allowing Chinese manufacturers to sell at prices below market levels. China argues that its manufacturers are more competitive and has urged the EU to adopt a minimum price plan instead of tariffs. Analysts emphasize the importance of the European market for China, considering the decline in revenues due to domestic competition and deflation. The Chinese Ministry of Commerce welcomed the resumption of negotiations with the EU to address divergences through dialogue, although previous arrangements regarding minimum prices did not apply to complex goods such as vehicles. The Commission warned that a single minimum price would not offset the effects of subsidies.