Hyperdrive
China Floats Perks for German Carmakers to Prevent EV Levies
- Beijing proposes lowering tariffs on large-engine vehicles
- Move designed to appeal to luxury automakers in Germany
Beijing has suggested Germany’s luxury car manufacturers could benefit if Berlin convinces the European Union to drop tariffs on Chinese electric-vehicle exports.
China floated lowering its existing tariffs on large-engine cars in return for scrapping planned EV levies on imports from the Asian nation, according to people familiar with the discussions, who asked not to be identified as the talks were confidential. Beijing currently imposes a 15% fee on passenger vehicles from the bloc.