"Chinese EVs to Capture 25% of European Market Despite Subsidy Investigation"
TL;DR Summary
Chinese-made electric vehicles are projected to account for over a quarter of EV sales in Europe in 2024, with Chinese brands like BYD expected to make up 11% of the market. The European Federation for Transport and Environment (T&E) suggests that raising EV tariffs to at least 25% could make Chinese EVs more expensive than their EU counterparts, but this would require Europe to become more self-sufficient in battery cell production. As a response to policy risks, Chinese manufacturers like Tesla and BYD are increasing their manufacturing efforts in Europe.
- China-made vehicles will comprise a quarter of Europe's EV sales this year, study shows CNBC
- Chinese-made EVs set to take 25% of European market this year Financial Times
- Subsidy Investigation Sent China's EV Exports to the EU Plunging by 20% OilPrice.com
- How Europe can use tariffs as part of an industrial strategy Transport & Environment
- Chinese-made cars account for one in five BEV registrations in Europe Motor Trader
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