Fastmarkets has published a detailed overview of electric vehicle (EV) import duties across key global markets, highlighting significant disparities and evolving trade policies. The report indicates that tariffs on EVs range from 0% to as high as 100%, reflecting the varying national strategies aimed at promoting EV adoption and protecting domestic industries.
Major economies are tightening restrictions on EV imports, particularly from China. The United States is contemplating increasing tariffs on Chinese EVs from 25% to 100%, while the European Union has proposed brand-specific tariffs, with rates varying from 9% for Tesla to 36.3% for other non-compliant manufacturers. In contrast, India has reduced duties to 15% for higher-priced EVs, contingent on local production commitments.
Countries like Thailand and Indonesia are adopting more favorable tariff regimes to encourage EV adoption, while Brazil plans to gradually increase its tariffs. This shifting landscape underscores the competitive pressures and regulatory challenges facing manufacturers as they navigate the complexities of international trade in the rapidly expanding EV market.
