EU tariffs on Chinese EVs slash their sales in Europe, but China's domestic market still grows.
The EU's tariffs on Chinese electric vehicles (EVs) have led to a significant drop in Chinese EV sales in Europe, with market share and registrations declining. The tariffs, imposed after an investigation found unfair subsidies, have made imports more costly. Despite these challenges, Chinese automakers are exploring localized production in Europe, though this will take time. Meanwhile, China's EV market is expected to continue growing, with domestic sales rising despite export challenges.
December 23, 2024
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