EU is expected to unveil tariff plans for Chinese EVs this week

The European Union is expected to reveal its tariff rate plan for Chinese electric vehicles this week, as the bloc cracks down on low-priced, subsidized imports.

The EU has a standard 10% duty on imported EVs, but is set to provisionally raise those fees for Chinese EVs starting July 4.

Citi analysts on Monday said the tariff rate could be "hiked to ~25-30% from 10% currently, while our risk scenario (40% probability) envisages a hike in the tariff rate to 30-50%."

Anthony Sassine, senior investment strategist at KraneShares, on Tuesday said he expects the tariff rates to be "between 10% and 20%" but "could see this being on the higher end of the 20%" after the European Parliament elections last week.

Ursula von der Leyen, president of the European Commission, saw her party – the European People's Party – gaining seats on Sunday. Von der Leyen has pushed for a "de-risking" approach from Beijing.

The European Commission first launched an investigation in October into subsidies given to EV makers in China. The EU alleged such subsidized imports "posed an economic threat to the EU's EV industry."

"But the Chinese manufacturers are so efficient, are so ahead of the curve, that tariffs like this – I don't think will impact too much the pricing here. They will still be more competitive than their EU counterparts," Sassine told CNBC's "Squawk Box Asia" on Tuesday.

China's EV industry has boomed thanks to incentives and support from the Chinese government, raising overcapacity concerns from authorities in the U.S. and Europe.

U.S. Energy Secretary Jennifer Granholm in March warned China could flood the U.S. electric-vehicle market with its offerings, after President Joe Biden raised similar concerns. The U.S. already announced stiff new