Europes madness reaches new levels; huge taxes on Chinese EVs changed
VloĹžit
- Äas pĹidĂĄn 27. 06. 2024
- Europes madness reaches new levels; huge taxes on Chinese EVs changed
đđ Buy something and support The Electric Viking Store đđ
shop.theelectricviking.com/
Size guide and other help for the store đ
theelectricviking.com/the-ele...
đ Subscribe and hit the notification bell! âş / @electricviking
Join me on Patreon âş / theelectricviking
Join as a member in The Electric Viking CZcamsâş
/ @electricviking
Members-only videos (see videos before anyone else)âş
⢠Members-only videos
đ Please donate here for Shanna (Viking's wife) if you can đ
gofund.me/ef6650d7
See what happened to Shanna:
⢠Stage 4 can go to hell...
The Electric Viking on other platforms:
Rumble âş rumble.com/c/TheElectricViking
Facebook page âş / theelectricvikingfb
Facebook group âş / theevfbgroup
Twitter âş / theevking
Instagram âş / theelectricvking
Pinterest âş / theelectricviking
Telegram âş t.me/theelectricviking
TikTok âş / theelectricviking
đ See more about me đ
⢠You've been asking; he...
đ My Bali trip đ
⢠I went to Indonesia an...
đ Video about My Skateboard đ
⢠EASIEST & cheapest way...
đ Subscribe to my kids channel đ
tinyurl.com/subscribetojackan...
See more videos:
Tesla posts best EV sales week for all of 2024 in China
⢠Tesla posts best EV sa...
China's worldwide electric car export are skyrocketing in 2024
⢠China's worldwide elec...
Lucid says its EV Tech YEARS ahead of Tesla & 10 years ahead of China
⢠Lucid says its EV Tech...
Tesla will start using 4680 battery cells in China Gigafactory in August
⢠Tesla will start using...
Nissan's China sales collapse the beginning of the end for a once great company
⢠Nissan's China sales c...
Toyota & VW sales fall to record lows in China while BYD + Geely skyrocket
⢠Toyota & VW sales fall...
NEW 2024 BYD Atto 3 is way cheaper and better than the old model
⢠NEW 2024 BYD Atto 3 is...
BYD's new battery can charge an Electric Car in 10 minutes
⢠BYD's new battery can ...
BYD Denza N9, BYD Bao 3 and BYD Song L DM-i revealed in China
⢠BYD Denza N9, BYD Bao ...
BYD's CEO says the US and Europe are being âafraidâ of Chinese EVs
⢠BYD's CEO says the US ...
BYD on track to beat Toyota by 2030 as global car deliveries skyrocket
⢠BYD on track to beat T...
NEW version of BYD Seal spotted in China will get 2 BIG improvements
⢠NEW version of BYD Sea...
New 'affordable' BYD electric MPV van spotted in China
⢠New 'affordable' BYD e...
Toyota tells dealers it has better cars than BYD after they complain daily!
⢠Toyota tells dealers i...
BYD Shark pickup's Blade battery, power and range revealed
⢠BYD Shark pickup's Bla...
The fastest growing EV maker in the world is NO longer BYD
⢠The fastest growing EV...
Bigger version of BYD Seagull might be Europe's cheapest electric car
⢠Bigger version of BYD ...
BYD Sea Lion EV revealed with BYD's e-Platform 3.0 Evo platform
⢠BYD Sea Lion EV reveal...
Toyota will stop using its 'old' hybrid tech and switch to new BYD systems
⢠Toyota will stop using...
Nio, BYD, Zeekr, Xpeng, Li Auto and Xiaomi EV sales in April 2024
⢠Nio, BYD, Zeekr, Xpeng...
The 5 biggest Chinese car exporters - BYD comes in surprising last place
⢠The 5 biggest Chinese ...
BYD sales rise an incredible 177% outside of China
⢠BYD sales rise an incr...
Why BYD's EVs sell for two or three times the price outside of China
⢠Why BYD's EVs sell for...
BYD Ocean M Hot Hatch gets rear wheel drive & new Blade battery V2
⢠BYD Ocean M Hot Hatch ...
Toyota reveals 2 new electric cars made by BYD; the Toyota bZ3C & the bZ3X
⢠Toyota reveals 2 new e...
Tesla responds to BYD price cuts with discounts up to 20% in China
⢠Tesla responds to BYD ...
#byd #europe #china #taxes #tariffs #evs #evnews
đReference to the news/charts & videos used in this video:
electrek.co/2024/06/27/eu-rev...
This channel may use some copyrighted materials without specific authorization of the owner; but content used here falls under the âFair Useâ Copyright Disclaimer under Section 107 of the Copyright Act 1976.
Allowance is made for "fair use" for purposes such as criticism, comment, news reporting, teaching, scholarship, and research. Fair use is a use permitted by copyright statute that might otherwise be infringing. Non-profit, educational or personal use tips the balance in favor of fair use.
Contact us for any copyright issues. If you want a credit of any footage we are using, please let us know.
Website: theelectricviking.com/contact/
Email: contact@theelectricviking.com
So what will the EU do when the Chinese public themselves BOYCOTTS their high end vehicles????
As Sam already pointed out multiple times the Chinese market is already screwed for the European automakers since the Chinese prefer BYD and those other domestic EV makers. So in essence the European carmakers canât possibly loose the Chinese market twice hence, the EC does not risk anything by protecting the European market similar to what the US does.
In addition, what is the rationale of critizing the EU for protective measures serving the people that elected the EC and the EP while not critizing the over-regulating and over-protecting Chinese dictatorship in Bejing subsidizing the Chinese car industry (and in fact many other industries too) heavily based on a strategy for economical, technological and geopolitical superiority?
â@@janjson435
Subsidies on the EV industry in China are unreasonable, because if there were real subsidies, there wouldn't be hundreds of EV manufacturers going bankrupt in China.
@@janjson435 That door swings both ways
China should not entertain this kind of disrespect. China should go its own way and let the EU go their own way.
The dictatorship in the us has been subsiding Tesla from the beginning... And Genocide Joe approved more subsidized for domestic EV
Hang in there Sam, we need you. Best to the family no matter what.
His white shirt is still hanging on đ đ đ
đđđ
Drink a shit ton of Fosters !
They think it's an insult, but China doesn't really care about the EU which only a small market to them, South America, Asia, Middle East, and Africa are enjoying. Let the EU walk backward as they wish.
Are you serious? China is toast if they lose the European market.
@@PelleGIT are you serious? They are doing fine as it is now without the EU market. The world is huge and the EU is small.
@@SuhandiWijayađđđđđ
@@SuhandiWijaya You are clueless. EU is not very big when it comes to population but when it comes to the economy and the purchasing power, EU is on par with China, only trailing the US. China cant afford to lose the EU market. They have already lost the US market. If China was doing fine without EU why are they always so upset when there are some taxes or tariffs implemented?
â@@PelleGITIf you look at the sales of Chinese EVs in Europe, they are very small, and for some manufacturers like NIO, it's a disaster. NIO has invested a huge amount of money in Europe, yet sales have been mediocre so far. The only exception is MG, which has seen relative success, making SAIC the most affected by the tariffs.Europe's message to China is clear: if you want to do business in Europe, you need to build factories or form partnerships with European manufacturers, similar to what China required from European manufacturers early on. Europe is indeed a significant car market, but the competition is fierce.
Boeing had a monopoly on passenger jets. Then Airbus stepped in. The duopoly existed for decades. Now the Chinese have stepped in to disrupt that duopoly with COMAC. Time changes everything, and change is hard. Tariffs can be a short term band aid, but is not a substitute for standing on own's own two feet. Evolve or die.
It is not about environment, it is about German automakers all along.
Actually it's the other way around. Stellantis and Renault are hurt by Chinese cars coming to Europe. Exactly in their segment of cars which they produce themselves.
Both obviously don't care about China, as they have no market in China anyways, thus Spain and France pushed for tariffs.
Who is screwed is the German car companies, as they have large markets in China, but have to deal with the tariffs in China if they retaliate.
It has a reason why German companies and politicians publicly declared that they are against tariffs, because it hurts them.
Now the revised tariffs means nothing else that Germany lost out again, with Spain and France pushing through their position.
VW đ¤Ť
@@jantjarks7946 They were stupid from the first days when they invested billions and billions of dollars to build factories in china that the Chinese government can squeeze out at any time.
It's about short-sighted German unions, not automakers. German automakers want to operate globally. The big problem with this is that Germany is facing a large generation retiring and a massive population decline, which will create a labor shortage. See population pyramid for reference. For German automakers to fund the retirements of the large generation in the process of retiring, they need to increase production efficiency, remain economically viable and increase gross margins.
@@larryevans6739 Retirement is paid by the retirement funds, it has nothing to do with the companies themselves.
Right... lowered the tax... by 0.1%.
Do it!!!! China tax the ICE large cigarettes.......
They will.
The slight reductions are meant to insult China.China can insult them back hard and painful.
China to protect their battery production conditioned electric vehicle producers if they want to sell electric vehicles in China to sell only with batteries produced in China by Chinese producers.
So if they put 40% tariffs on BMW, Mercedes and Volkswagen then 30% tariff on Tesla what now?
If this small insignificant reduction is really true, then It's a great insult to China indeed. China should probably slap 30-40% tax straight on European cars like BMW, Merc, Audi, Ferrari, etc. This will essentially kill all German and European cars in China on the spot. In addition, also slap extra tariffs, etc on other European products like wine, pork, dairy, etc as well.
They are dying already without being taxed.
Aside from imported luxury vehicles, mass-market foreign cars are built in China by Chinese workers in a Joint-Venture scheme with State-owned-Enterprises. Less sales eventually results in Chinese workers losing their jobs.
You sound as if you're very pro Communist Chinese party domination of the entire world, it is a stated goal of the Chinese Communist Party to rule the world away they rule China under absolute dictatorship. Is that what you want to live undera repressive fascist communist dictatorship?
That would be exellent. Let China feed China people
@@DamirBrc and the world generally-food miles is a disgrace!!!
Life... what a rollercoaster. Just enjoy the time you have. It's all we can do. Thinking of you Sam. Your a hero to your family and I am sure you are doing the best you can. Don't be scared to cry.
Was his wife passed away, may I ask ?
He never mentions his wife anymore. Was he just pretending she was sick?
@@archidube Last time he told his audiences that his wife has cancer. I just wonder if he just kept it as private as I saw face and his words spoken.
Europeans were the same in the space industry when SpaceX came along. ESA were dismissive and insulting to SpaceX. Now? SpaceX launches almost all European launches including Galileo and other very important European payloads.
It's not a matter of only cost. It's a matter of fairness in trade. You have the Chinese in Europe follow the same rules the Chinese government has applied to foreign car firms for the last 2 or 3 decades, e.g. partnership requirement, local ownership percentages, local manufacturing, local contents of parts and labor.
yes, this looks like a mindless cult here entertained by the viking LOOL
I feel for you and your family situation....keep your head up for the boys!!!
Every knows which country rules and dictates EU. That 0.1% also means EU's sovereignty.
Had first experience in ev. Cadillac Lyriq. Fully charged showed 312 mile range. It was hot that day 96F in US. Round trip actual miles only 220 miles. Obviously had to run air conditioner. Barely completed trip with only 20 miles to spare. Car reported âimmediate charge requiredâ as we pulled into starting point. I support EVs but technology has long way to, no pun intended
That is the real life, not the usual lies.
Tax the hell out of ice and hybrids lower the tax for true evs cheers mate
When they do that they tax the hell of evs.
And when they do that, people will vote for politicians that will end subsidies for EVs and renewables and basically turn the public against those initiatives. You will be forced to pay full price and be taxed for infrastructure maintenance. Play stupid games, win stupid prizes...đ
Stupidity.
Yay just what we need in the world more taxes.
@@jasjordan1havenât heard that saying before, Iâm gonna use that đâ¤
In addition to the Hungary plant being built, BYD's Uzbekistan plant just started mass production yesterday. Uzbekistan has trade agreements with UK/EU.
Wait what? There's a BYD plant in Uzbekistan!? đ˛
@@xelkim9666 Yes. It started mass producing the Song Plus and Chazor DM-i yesterday.
@@larryevans6739 Hungary makes sense to bypass the tariff but Uzbek. I follow BYD pretty closely but wow, thank you for the insightđ
Tariffs have been around for years and have been used to protect industries from foreign governments of dumping something into their economy to kill it. It's a matter of survival and give a chance for industry to catch up and become competitive.
If you look at the sales of Chinese EVs in Europe, they are very small, and for some manufacturers like NIO, it's a disaster. NIO has invested a huge amount of money in Europe, yet sales have been mediocre so far. The only exception is MG, which has seen relative success, making SAIC the most affected by the tariffs.Europe's message to China is clear: if you want to do business in Europe, you need to build factories or form partnerships with European manufacturers, similar to what China required from European manufacturers early on. Europe is indeed a significant car market, but the competition is fierce.
China had cheap labour ans a large market for European brands, does Western Europe offer cheap labour
@simodovic1731
I totally agreee! You are one of the few commenters who understand the unfair rules China places on all non-Chinese companies (not just auto manufacturers). The only non-Chinese company that is not forced to have a 51% Chinese partner is Tesala,...yes, 51% and they have complete access to your technology and manufacturing methods. I DO NOT agree with the Electric Viking đđž
@@dyrectory_com still, there is a huge long way to go in europe for chinese automakers, even without the tariff, european consumer need generally more time to accept the chinese cars, even they are slightly cheaper than the european cars. They just want to provoke for a trade war. Same story, you can find 5~6 years ago between US and China.
Europe gas to protect its own industry just like we are now doing in the USA. Once a country outsources an industry it is hard to get it back. They need more time to catch up and build electric infrastructure.
Europe's like a marathon runner who tries to compete in the Tour de France - and has a lot of sticks which it tries to throw in the other one's spokes.
thats what every power does
For all those who believe that China will no longer have a market if the EU and the USA have closed the markets through import taxes. I would like you to analyze where these Chinese companies came from. They were all companies with different profiles from telephones, motorcycles or cars that were not heard of in the EU or the USA, but which took the place of expensive European products and sold enormously in emerging markets in Asia, Africa and South America. Just as they developed by selling cheap and competitive products in those areas where European companies only sold luxury products for, e.g.: Nokia, Alcatel... so they will also take the place of European cars which will ultimately have the same end, nothing will change.
You bring up a very good point Sam, US/EU are not increasing tariffs on Chinese made ICE vehicles, just the PHEVs/EVs. Sure, China is overcapacity on EVs, ICE vehicles they're just right, no overcapacity there.... what a joke.
No, instead the west has been subsidizing their car industries for decades to perfect the ICE, now all that is going down, all due to short sighted industrial policy (or lack thereof). Instead of making the turnaround needed, they sat on their asses, watching a "global south" "failing", "no future economy", upstage them in EV and more still.
It is easily mitigated: Produce the cars in Europe and the problem is solved. China has employed that philosophy for foreign companies for ages, for instance VW had to produce Santana and all models in China to be able to sell in China.
Bro,...now you are talking! "Produce the cars in Europe and the problem is solved". But China does not want to do that, because if they do, they will have to pay EU wages,...not slave wages. All of the world auto-manufacturers have manufacturing plants in the US,...all of them!
It is sounding more and more that Europe isn't ready for EVs. China should, and likely will, match the tariffs of the EU, and this international trade will break down. Well done EU and USA, you can keep getting reamed by the oil industry. China is the single largest auto market so I doubt they will suffer much and they'll get far superior cars. It's sad for the world that they'll be insisting on continuing the massive air pollution, but this is nothing new.
Let the quality of the product sort things out. Look at how lousy Vinfast is.
Driving these expensive cars in China would even be a bigger status symbol...
Apparently, China and the EU are now moving towards a negotiations stage, quote âChina goes into panic mode over EU tariffs on electric cars, offers perks for German carmakers if they drop restrictionsâ 25/6/2024 Fortune. There is a lot more water to flow under the bridge before this is resolved.
Europe and America are dying. These tariffs are a last ditch effort to buy time.
Lol, China is the dying country here. Both their economy and population are in decline at the same time most of the world despise the CCP.
Itâs actually China thatâs dying, not the US and yes, Europe is aging and is in decline. The US is actually restoring itâs industry and will be doing so for the next 10 years. Itâs the brightest, most vibrant, and strongest economy on earth. đŽđ
Not sure why my comment got deleted. What I said was that China is the country in decline with both its economy and population in decline. Plus China didnt even reach the 'middle income' before their decline started. Its only going to get worse from here as China continues to upset the rest of the world.
@@joehowe9532 All of the above are experiencing population collapse, even the US. Just because weâre not defending our borders (12 million in less than 4 years) is not a good step forward. Weâre becoming a land of 1% elites and 99% indentured servants.
@@joehowe9532 american economy "growth" at the moment is AI&tech speculation and that's a bubble waiting to pop. rest of the economy isnt doing good.
Where does the tariff money go? Does it just go into the government general fund or does it go to help domestic automakers? Also if the tariff is passed on to the consumers isn't that just taxing your own people?
Taxes are one big pool without any predetermined purpose
You got a good point
I thought Europe was about the environment, not preserving the auto industry.
Not really! They are full of geopolitics crap. The Dutch media is selling the ridiculous news that the Chinese government may stop your EV cars in the middle of the road.
EU and USA building up high wall to protect themselves, but they only account for 10% of the world population... There are much bigger markets outside these walls
Iâm fairly certain that the additional tariffs will simply be passed on to the consumer. The consumer always gets screwed in these games played by politicians!
Funnily enough, Euro brands that make their EV's in China will also be tariffed at a usually higher rate than BYD. The % rate has to do with compliance with the probe and how forthcoming the brand is with subsidy investment. A double whammy if German brands are tariffed in EU and China.
EU politicians are a bright bunch of poop đ
They don't know where to get money from to fund Ukraine. so they put insane tariff for the european people to pay them. đ đ
That's objectively the dumbest comment I've read today.
Peanuts!
What about Tesla Model 3 which is made in China and shipped to the EU?
Same question here! Tesla is always spared out and is most important for me, because I just ordered one. :(
@@desasch1687 On the Tesla website here in Hungary it warns prices for Model 3 could be increased from July 1st because of increases in import tax.
The Tesla model three made in China is also going to be taxed, apparently had an even higher rate then some other Chinese auto makers.
21% additional tariff. 31% total. Tesla is trying to get an individual calculation, but I wouldn't expect it to drop much, as they (like SAIC) are based in Shanghai, which is considered to have the most generous subsidies at the prefecture level.
@@larryevans6739 Right after I did my previous comment, the dealership called. I will get my M3P tomorrow, likely on the very last call
I haven't bought gasoline in more than a month since I started riding a bicycle. Savings are huge as I don't buy stuff i can't carry in a backpack. This month I only spent $500 and I have two homes.
I'm getting a Yaris that I'll only use on longer trips.
Chinese companies should market their cars at the price without the eu tax, and list it as an add on cost and who is taking it. Help to undermine the eu empire that is already struggling as voters turn away from them.
Turn about is fair play. China should tax European cars at a similar rate.
*Goodbye Porsche, BMW, Mercedes Benz, VW . . . It has been nice knowing you.*
Is that so? I think you are so wrong!
@@manuelferreira4622 oh, i have forgotten to add Ferrari.
Thanks!
As Thomas Hobbes once said 'Life is nasty, brutish and short.' The problem lately is politicians of all stripes are actively engineering the problems: unlimited migration to sustain stratospheric home prices, rents whilst keeping a tight leash on workforce wage claims. đ˘
On the other hand let's not forget the insensitive that Chinese car maker got form Chinese government, and probability still have. Soo. ...how to compete with that?!
This means nothing to me and most people around me. I didn't switch to electric for practical reasons, not because of the price. People I know who have gone electric have bought Tesla, BMW, Ford, VW. They simply don't trust Chinese cars. And yes, environmental protection seems to be the latest concern of politicians. In fact, any environmental problem is really an overpopulation problem. I doubt electric cars will solve much of the problem.
Companies have always found ways around tariffs - such as setting up in a country like Mexico or Hungary.
The problem is that the US government has already announced that Chinese cars made in Mexico will not be exempted from their tariffs. They will plug all loopholes to deny any advantage to Chinese EV producers, similar to what they have done to deny China access to advanced microchip manufacturing by plugging all avenues. The US has warned Mexico against allowing Chinese EV companies to set up factories there.
I guess Apple, Tesla, Ford and GM should leave the Chinese market! Pathetic hypocrites
@@wong3150Good!!
Thatâs the point. Setup manufacturing in those
Taxes (tariffs) are paid by the customer...it's an import duty. The manufacturers get hit by falling sales...which is objective
Yes, and as I European citicizen I welcome these problems ten times over becoming slaves of Chinese despotic state economic imperialism flooding and overtaking western economies with dirty means!
Taxes also penalise a country that cannot be trusted and maintains local manufacturing ability. As Australia does not have a manufacturing industry, we will only need to worry, when Chinese miners have emptied the big holes in the ground an left without bothering to clean up.
Time for China to start taxing European goods with similar tariffs and other similar measures.
They waon't be laughing soon cause they'll be eating poop.
IN EU we have see how most of productmakers have gone bust the last 20 years, mostly due to govermet supported companies in China and the cheap labour from the same country, what is happening now is simply selvdefence.. If the chinese companies were competing on equal terms, it is fine by me, but the have the coverment behind them and that is simply not fair..
You are spot on!
Europe is fairly Fucked
Western car combustion engine manufacturers has been government subsidised too for decades!
The EU is a massive market. The boss of BYD is building a car factory in Mexico which has tariff free trade deals with America and the EU The tariffs will be circumvented.
The US government has already declared that all Chinese EVs produced in Mexico will not be exempted by the import tariffs. The US government has vowed to plug all loopholes like it did with denying China access to advanced microchip manufacturing. It has also warned Mexico against allowing Chinese EV companies to set up shop there.
@@wong3150 Interesting. So is that position OK with the Mexican government? Did America unilaterally change the trade deal? I canât see the EU pulling that stunt - because 26 countries would have to agree it.
@@johnfrancis4401 l think that the Mexican government is just stunned; they will have to decide. They probably have no option but to abide by the US edict if they don't want to upset their trade relationship since Mexico now is the US' biggest trade partner. The NAFTA trade deal is still intact but this latest request should not impact on the agreement. This is similar to the US requiring all its allies to ban the sale of EUV and related machines to China. It's a very nasty American geopolitical power play but nations are helpless against a big bully.
The obvious problem for China is the HUGE trade imbalances between it and the EU/U.S. They have no leverage! They canât force other countries to absorb their overproduction.
China needs to be patient and allow their domestic market to grow and catchup with their production capacity.
LOL, you j0king? In ASEAN c0untries, Chy!ynese EV's are in such high demand that buyers are on one year waiting list.
EU lost the last trade war with China! Ursula is just an ignorant Karen!
China has the largest domestic market in the world by far and growing apace. China is eating the white man's breakfast, lunch and supper as a snack. Cry more.
"Giant Cigarettes", such an appropriate description for petrol cars!
Only if you have a room temperature IQ...
With globalisation it is easy to forget the good things when you take them for granted. It is easy to hate the bad things. So we have had decades of falling prices due to China being the workshop of the world. We are going back to protected industry and far, far more expensive goods.
This is to protect blue collar jobs. Are they worth protecting?
America forcefully influenced Europe to impose taxes on all Chinese vehicles, even those that are environmentally friendly, while exempting non-polluting gas cars from taxation! This situation is utterly chaotic and unjust!
Thatâs absolute nonsense! The Europeans were forced to put import taxes on EV from China because European auto makers donât want to, or canât make a good EV at a profit, especially the German auto makers. The Chinese government has also heavily subsidized Chinese auto makers and they have over built electric vehicles, and now they are dumping them on the worldâs market. Most Chinese auto makers are losing money and many will go out of business. đŽ
Proof
â@@joehowe9532if the US does it, it's called "investing in R&D". If China does it, it's called "illegal subsidies".
The EU are protecting their Single Market. Why shouldnât they?
Exactly
The euro legacy automakers are dead in the water and they know it - they are just trying to pull as many down with them as they can, rather than take any lifelines and admit they have been wrong all along.
Those folks are out of their minds.
Good for EU on saving their Auto industry from suppliers to union jobs
What about Greta and lowering carbon emissions EU doesnât want cooler Earth đ˘
Chinese cars don't sell at all in Europe,xexcept Volvo and MG.....Byd, Nio, Zeekr, Aiways etc etc, complete sales disasters
Ignorant much? BYD just shipped a full ship load
â@@bubuneowoo6161yes, but the cars don't leave the European harbors... It's actually a big problem...
There was a #strange story in the USA of the Country of Chile buying a massive methanol facility and having that shipped from the USA to Chile after the financial crash of 2008 only to have that shipped back to the USA to West Virginia where now this massive facility is operational. Does this help? *"my God their moving cars"* meets "my God they moved the entire methanol plant! And then moved it back from whence it came!" Seems like moving cars is a lot easier to me for some reason..
What it will be the additional tax for Tesla Model 3 manufactured in China? More 21%? What it will be applied? From the 4th of july? Its really going to happen?
Yes 21% additional on July 4. The rules are to be finalized in November. Tesla has requested an individual calculation for the final rule, but it is unlikely to have a major effect, as they (like SAIC) are based in Shanghai, which is considered to have the most generous subsidies at a prefecture level.
@@larryevans6739 I just had today the plate number for my Tesla 3 Performance 2024 that I bought in Portugal!!! Almost in last minute before these new taxes... With these aditional taxes it will be 10k more expensive from 4th of july!!!!! Its crazy. Thanks very much for your quick answer. I tried to alert a lot of people in Tesla FB groups in Portugal, but know one heard me and doens't believe me that the new taxes will be applied to Tesla Model 3
True colors of the europeans.
European union not Europe thanks đ đŹđ§đłđ´
They are protecting their own market. Why shouldnât they?
All China needs just Up the MPG standard to 65MPG and EU cars will drop like flies
The EU are protectionists and are only concerned about protecting European car manufacturers, the cost is going to be put on the general public, so leaving them to foot the bill because the European car manufacturers didn't invest enough to be ahead of the game when it comes to electric vehicles. I was struggling to see any benefits of leaving the EU, but this is a perfect example of all that is wrong with it. Trying to protect a failing industry by putting taxes up on its citizens, and telling them it is helping protect them. All the time putting profits before people and the environment.
False. There are multiple camps in the EU. Mostly the South, and France, happy with it. The North - not at all.
Time for China to reciprocate and put similar taxes on BMW, Audi, Porsche, Mercedes, Ferrari, Lamborghini, Buick, etc..,
Dunno how this will shape up in the UK but MG came 7th in May's new car sales just a few behind Ford! VW, Audi, BMW, Kia, Mercedes and Ford outsold them. Tesla were way behind at 2% of the market MG @ 4.9%. The MG4 has been a huge success here. And yes this is Euro protectionism.
EU is merely an American lapdog these days
Oil people are loving this...
Damn right
Gâday Sam,
China/EU tariffs aside - I donât think anyone knows how to cope in what are very testing times for you and your family - apart from being hardened on the outside to give support donât forget about yourself - keep taking to those you know and donât worry about being judged - youâre only human after all
If they want to participate on EU market thay can do so in cooperation with local manufacturers with full technology transfer of curcial components like batteries, these are Chines polices they should be proud that they managed to reverse the sitation.
No one wants this , maybe some car brand. But you wonât compete with German expensive cars. The Chinese compete with affordable electric car which Eu want because they want all to drive electric for environment! And now most canât afford ev. And Chinese is releasing affordable so itâs insane. And would have pushed European auto makers to compete instead , now they instead can keep selling expensive cars. Eu is totally insane sometimes.
Big oil must be behind it.
I don't see how large engine tax will really affect American and Japanese (assuming S.Korean too), since they don't sell as much as the German. Mainland China just absolutely loves German luxury vehicle, it's the prestige...so the German government sent their rep to China last week
triangular trade to evade hyper taxes, yeah life is challeging.
Retaliation will hit hard
Aren't the ICE vehicles already taxed when you try to register at an extortionate rate in China. - That is tax.
Itâs simples, when one country has poor working conditions and pay you have to tax those imports to protect your own workforce against cheap imports essentially made by slave or poorly paid workers.
The market will determine what car engine you get after all Sam electric cars at the moment are not a good investment.
More tax on fossil fuel đ˘ď¸â˝ - Thanks! đ
IT WILL HELP THE EV-DISRUPTION...
And no more fossil fuel subsidies
Sorry to see the Chinese viking cow towing after he was invited to visit CCP
Thanks
Welcome
China: We think the tariff is too high at 45%.
EU: OK, we'll go ahead and make a change
2 weeks later.
EU: OK, after consideration we feel it was too high as well. How about 44.5%?
China: *Facepalm.
Game over for Tesla!
Only the model 3 is imported into the EU and it's by far the lowest seller The model Y is made in Germany.
*Amazing video, you work for 40yrs to have $1M in your retirement, meanwhile some people are putting just $10K into trading from just few months ago and now they are multimillionaires*
Waking up every 14th of each month to $210,000 itâs a blessing to I and my family⌠Big gratitude to Andrew Stella đ
Hello , I am very interested. As you know, there are tons of investments out there and without solid knowledge, I can't decide what is best. Can you explain further how you invest and earn?
Same, I operate a wide- range of Investments with help from My Financial Adviser. My advice is to get a professional who will help you, plan and enhance your management skills. For the record, working with Andrew Louis Stella, has been an amazing experience.
Hello how do you make such monthly?? I'm a born Christian and sometimes I feel so down đ¤Śââď¸of myself because of low finance but I still believe in God
I'm favoured, $90K every week! I can now give back to the locals in my community and also support God's work and the church. God bless America,, all thanks to Ms Louis Stella đđ
And who paid for your recent trip to ChinaâŚâŚ.?
just to clarify, these are not sanctions, but import customs. Not sure why you say this in the beginning of your video....
I feel bad for the euro consumers, with inflation still roaring on its head, people still have to pay sh*# ton of money just to get minuscule improvement on their cars.
Remember Australia used to have a car manufacturing industry with 92.85% import duty and sales tax... Then they fazed it out.
Now we have nil car manufacting. We also have almost nil clothing manufacturing.
Europe wants to keep manufacturing cars.... Simple...
Good luck EU, brace for the impact.
china should show gratitude of Eu effort by increase Eu car to 50%
Didn't this bloke fly to China 11 days ago? What's with these clips? He is still at home? He got sent back or what? Zero clips about the China trip? Odd, isn't it?
Chinese made. Includes Tesla's whole Model 3 sales in Europe. Tesla's absentee CEO missed the memo, so Tesla's additional tarrif will be full 38.1% starting 4th July. Invidual tarrif only four months later.
Invidual deductions were due to assisting the investigation. Tesla apparently did not assist EU on this investigation.
The requests to assist in the investigation came from the EU - Tesla were told their assistance was not required.
The 38.1% applies to SAIC, 20% to Geely, 17.4% to BYD - The commission has already publicly stated that Tesla will receive a specially calculated individual rate after 4 July.
Where is the roadster
Winter is coming.....âĄď¸đşđ¸
Agree with you Sam. A huge, loud Audi drove past me the other day and it made me really angry. Sick and tired of these monster brutes still on the road.
Thinking of you Sam.
Good for the EU! China wants to sell cars in the EU? Let them get EU partners and build them in the EU. Where did we see this before? Oh yes, China did exactly that.