
"Chinese EVs to Capture 25% of European Market Despite Subsidy Investigation"
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.




