EU opts for Chinese EV tariffs post divided vote: Report

The European Union will go ahead with steep tariffs on Chinese EVs, an EU executive said on Friday, even as Germany rejects them, Reuters reported. 

The 45% duty on EVs made in China will cost carmakers billions to get cars into the bloc and are slated to be imposed next month onwards for five years, Reuters noted. 

The Commission said it will continue talks with Beijing and a probable compromise could be seen on minimum sales prices, the newswire noted. 

In a crucial vote on Friday, 10 EU members backed tariffs and five voted against, with 12 abstentions, EU sources said.

The EU executive said it had obtained "the necessary support" to implement the tariffs, although it would continue talks with Beijing to find an alternative solution.