Recently, the United States has generally increased reciprocal tariffs on countries around the world. However, the increase in this round of reciprocal tariffs has a limited overall impact on new energy vehicles. The main reason is that new energy vehicles and their components are included in the exemption list for this increase in reciprocal tariffs, as shown in the figure below:
Therefore, at this stage, the U.S. tariff policy on new energy vehicles in 2025 mainly includes the following:
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Base Tariff: Starting from April 5, 2025, the United States will impose a basic tariff of 10% on all countries worldwide.
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Specific Product Tariffs: Tariffs on imported vehicles and parts: Starting from April 2, 2025, the United States will add a 25% tariff on imported vehicles and parts, covering key components such as gasoline vehicles, new energy vehicles, and batteries.
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Other Tariffs: The United States will impose a "Section 301 tariff" of 100% on new energy vehicles from China; the United States will impose a "fentanyl tariff" of 20% on China.
So, the tariffs on new energy vehicles shipped from major countries around the world are currently summarized as follows:
However, due to the extremely small proportion of direct exports of new energy vehicles from China to the United States, the total export volume of new energy vehicles from China in 2024 was 2.237 million units, with 27,000 units exported to the United States. The proportion of new energy vehicle exports from China to the U.S. in 2024 was less than 2% of the total export volume of new energy vehicles from China, thus having a minimal impact on the export of new energy vehicles from China.
SMM New Energy Industry Research Department
Cong Wang 021-51666838
Xiaodan Yu 021-20707870
Rui Ma 021-51595780
Disheng Feng 021-51666714
Yujun Liu 021-20707895
Yanlin Lü 021-20707875
Zhicheng Zhou 021-51666711
Haohan Zhang 021-51666752
Zihan Wang 021-51666914
Xiaoxuan Ren 021-20707866
Jie Wang 021-51595902
Yang Xu 021-51666760
Boling Chen 021-51666836
