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flag Chinese EVs, led by BYD and Chery, are rapidly gaining UK market share via affordable plug-in hybrids, challenging European automakers.

flag Chinese automakers, led by BYD and Chery, are expanding rapidly in Europe, especially the UK, where they’ve gained market share through affordable plug-in hybrids and electric vehicles, aided by the UK’s open market and lack of new tariffs. flag This growth, driven by cost advantages and fast product development, is challenging traditional European manufacturers facing slow electrification and layoffs. flag Despite trade barriers in the EU and US, Chinese exports surged to 5.9 million units in 2024, with nearly 40% being EVs, and could reach 30% of global sales by 2030. flag China’s EV dominance is supported by vast charging infrastructure and strong domestic demand, though urban congestion and parking shortages persist in major cities.

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