One in four EVs sold in Europe this year will be made in China (T&E)

Overview:

• 19.5% of electric vehicles sold in Europe last year were made in China, projected to reach 25% in 2024
• Chinese brands could reach 11% of the European EV market in 2024 and 20% in 2027
• Raising EU tariff on vehicle imports from China to 25% could make medium-sized sedans and SUVs more expensive than European equivalents

Quote:

While Chinese imports into Europe have largely been Tesla, Dacia and BMW cars produced there, T&E projects that Chinese brands could reach 11% of the European EV market in 2024 and 20% in 2027. The conservative projection assumes a linear growth in Chinese OEM market share based on the last two years, though BYD alone is targeting 5% of the European electric car market by 2025.

Read directly on transportenvironment.org:

One in four EVs sold in Europe this year will be made in China – analysis

In the short run, tariffs can help EU carmakers – but they need to ramp up electrification to survive.