An electric vehicle manufactured in China and designed in Spain by Volkswagen AG’s (OTC:VWAGY) CUPRA brand would be reportedly “wiped out” if the European Commission implemented import tariffs of 21.3% on the vehicle. Wayne Griffiths, CEO of SEAT and CUPRA under Volkswagen’s SEAT S.A. subsidiary, stated that raising the price of the Tavascan, an all-electric SUV priced at around 52,000 euros ($57,500), to offset costs was not feasible given the current European economic conditions, reported Reuters. Moving production to another site was also not viable after the company had already invested in…