They come crashing into the Danish car market with models in widely different sizes and widely different price ranges.
Some of them have already gained good momentum in sales, but now they risk being hit by a customs hammer, which will ultimately be felt by consumers.
Later this year, the EU will probably raise the customs duty on Chinese-produced electric cars, because it is believed that the cars come with massive Chinese state support behind them – in violation of the current trade rules.
Now FDM has calculated what an increased duty will mean in kroner and øre for selected car models.
– A lot of money in the car budget
Today there is a 10 percent tariff on Chinese electric cars. It is not yet known how much the EU will increase the customs duty, but there has been talk of both 15 and 25 percent.
For an electric car like the Xpeng G9, which today costs DKK 480,000, a new duty rate of 25 percent will mean that the car will be DKK 93,000 more expensive.
A BYD Dolphin will increase from DKK 235,000 to just over DKK 261,000.
– If the increase ends with consumers alone, an increase in the duty rate from 10 to 25 percent will have a significant effect on consumers’ car finances. On the cheapest cars at DKK 235,000 alone, there is an increase of over DKK 26,000, and that is a lot of money in the car budget. On the more popular car models, it can easily be DKK 50,000 or more, says Torben Lund Kudsk, head of department at FDM, to the motorists’ organisation’s own website.
Western car brands that get electric cars produced in China will also be able to feel it if the tariff is raised.
For example, a Tesla Model 3 LR will be more than DKK 40,000 more expensive.
Introduced retroactively
It was in autumn 2022 that the EU Commission began an investigation into whether higher duties should be imposed on electric cars from China.
A final report is expected to be submitted this summer. And a new duty rate will be introduced retroactively.
In the meantime, it is heard from several of the car importers who are responsible for the sale of a number of Chinese car brands in Denmark that consumers who buy a stock car today will be protected once morest a possible customs slap.
In recent years, it has been crowded with one Chinese electric car brand following another.
So far this year, every 20th car sold in this country has been Chinese – led by BYD, Xpeng and MG.
Things went differently for Chinese Aiways, which took Denmark by storm, but last year had to stop production following having sold only 400 cars here at home.
It was even worse for the Chinese Nio, which left Denmark this month following sales of just 56 cars.
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The loophole to a cheap car will soon disappear
2024-04-29 11:46:56
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