China ramps up exports of electric vehicles to Europe

By data industry media, Chinese automakers are rapidly increasing the export of their advanced electric and hybrid vehicles to Europe, and in two years they can take an 18% share of the European electric vehicle market.

At the beginning of the week, the world’s second-largest electric vehicle manufacturer, China’s BYD announced about the launch of sales in Europe at once of three of its electric models. By data The Japanese agency Nikkei, three other major Chinese manufacturers Great Wall, Geely and SAIC are planning to bring several of their latest electric and hybrid models to Europe’s largest car market – Germany, which could put pressure on European automakers.

While the share of electric vehicle sales in Europe fell from 13% to 11% in the first half of the year, they are growing in the US and China. Experts explain this is the lack of support for the electric car industry from the EU authorities, while the American and Chinese authorities are increasing this assistance. Yulia Poliskanova, senior director of the European industry organization Transport & Environment, believes that “if Europe wants to remain competitive in the car market, the EU authorities must follow a clear and strong industrial policy to match the support received by Chinese and American manufacturers of electric vehicles.”

Evgeniy Khvostik