Cars made in China will account for a quarter of European electric car sales this year | Wilnesh News

A new policy analysis shows that Chinese-made electric vehicles will account for more than a quarter of European electric vehicle sales this year, with their share growing by more than 5% from the same period last year.

The European Federation of Transport and Environment (T&E) reported that about 19.5% of battery-powered electric vehicles sold in the EU last year came from China, with nearly a third of sales in France and Spain being electric vehicles shipped from China. A Paper Share on Wednesday.

T&E research shows that as Chinese brands such as BYD step up their global expansion efforts, the share of Chinese-made cars in the region is expected to rise to more than 25% by 2024.

Although most electric cars sold in the EU come from Western brands such as Tesla, which manufactures and ships electric cars in China, Chinese brands alone will account for 11% of the region’s market by 2024. T&E said this share could reach 20% by 2027.

The findings come as the European Commission investigates subsidies to Chinese electric car makers to determine whether they unfairly weaken local businesses. Non-Chinese brands such as Tesla and BMW that ship from China may be included in the ongoing subsidy investigation.

According to Tu Le, founder of Sino Auto Insights, incentives implemented in China in the early 2010s led to a surge in new startups and increased battery production capacity, paving the way for affordable electric vehicles.

“The EU and the US are far behind because they don’t have affordable, quality electric cars because traditional carmakers have only recently really focused on designing and building them,” he added.

T&E said that for “medium-sized” electric cars such as sedans and SUVs from China, although compact SUVs and “large cars” will be more expensive than similar cars in the EU, the electric car tariff will need to be increased from the current 10% It will still be slightly cheaper to at least 25%.

However, the policy group said it would also require Europe to become more self-sufficient in battery production for the domestic EV industry.

“The conundrum they face is that they cannot make affordable (and profitable) electric vehicles without Chinese batteries, as China is far ahead of the EU and the United States in mineral mining, refining and manufacturing,” Huaao Auto said. ” Insightful.

In response to the policy risks of shipping Chinese-made electric vehicles to Europe, Chinese manufacturers such as Tesla and BYD have stepped up their manufacturing efforts in Europe. Tesla is looking to expand its assembly plant in Germany, while BYD plans to build a factory in Hungary.

“The aim (of tariffs) should be to localize the European electric vehicle supply chain while accelerating the rollout of electric vehicles so that the economic and climate benefits of the transition are fully realized,” T&E said in the report.