Originally Posted by
radroad
What's amazing is that this 78% increase YOY came even with a 25% tariff imposed on the entire industry! Imagine what sales would look like without the tariff!
E-bike market is interesting. It's getting misrepresented in various ways, your post is a great example, and is fascinating to watch. The protectionism Europe is undertaking against Chinese e-bike dumping has been much more accepted by Americans than tariffs in the US on the same. Not unexpected as much of the political divide is fueled by a vocal low-information minority seeking to influence others.
https://www.bicycleretailer.com/inte...hinese-e-bikes
A 13-month EU investigation concluded that Chinese e-bike manufacturers benefit from unfair state subsidies including preferential financing, the ability to buy motors and batteries from other Chinese suppliers such as Bafang at below-market prices, tax breaks, government grants and cheap access to land.
Duties vary for several specified manufacturers. Giant Electric Vehicle, a division of Taiwan's Giant Bicycles based in Kunshan, China, was assessed a duty of 24.6 percent. Duties for other companies include 73.4 percent for Bodo Vehicle Group; 18.8 percent for Jinhua Vision Industry; and 48.1 percent for Yada Technology Group.
Duties for several other Chinese e-bike manufacturers were set at 33.4 percent, but some will be required to pay 79.3 percent.
The EU said the influx of low-priced Chinese e-bikes has kept European producers from reaping the full benefits of Europe's booming e-bike market.
I think tariffs on e-bikes and e-bike accessories should be significantly higher. Luxury goods that are booming in popularity are an excellent tariff-bearer and can benefit other industries such as non-motorized bicycles.