Share this @internewscast.com

China-made electric vehicles will make up more than a quarter of the EV sales in Europe this year, with the country’s share increasing by over 5% from a year earlier, according to a new policy analysis. 

About 19.5% of battery-powered EVs sold in the E.U. last year were from China, with close to a third of the sales in France and Spain constituting EVs shipped from the Asian country, the European Federation for Transport and Environment (T&E) reported in a paper shared Wednesday. 

The share of made-in-China vehicles in the region is expected to rise to just over 25% in 2024, according to the T&E research, as Chinese brands such as BYD ramp up their global expansion. 

While most EVs sold in the EU are from Western brands such as Tesla, which manufactures and ships EVs from China, Chinese brands alone are set to account for 11% of the region’s market in 2024. That share could reach 20% by 2027, T&E predicted. 

The findings come as the European Commission probes subsidies given to electric vehicle makers in China to determine if they unfairly undercut local companies. Non-Chinese brands that ship from China, such as Tesla and BMW, could be included in the ongoing subsidy investigation. 

According to Tu Le, founder of Sino Auto Insights, incentives put in place in China in the early 2010s led to a surge in startups and increased battery cell capacity in the country, paving the way for affordable EVs.

“The E.U. and the U.S. are so far behind because they don’t have quality EVs at affordable prices because the legacy automakers have only really recently focused on designing and engineering them,” he added.

Share this @internewscast.com
You May Also Like
ICE Chicago news: Fears of ICE agents and raids impacting restaurants like El Mexico De Chicago in Belmont Cragin

Concerns Rise as ICE Presence Affects Belmont Cragin Restaurants, Including El Mexico De Chicago

In Chicago, President Donald Trump’s immigration initiative, known as “Midway Blitz,” has…
Beaches Branch library to temporarily close for HVAC replacement

Beaches Branch Library Announces Temporary Closure for HVAC System Upgrade

The Beaches Branch Library is preparing for a temporary shutdown lasting about…
Brazen Louvre robbery crew may have been hired by collector, prosecutor says

Prosecutor Suggests Collector Might Be Behind Daring Louvre Heist

In a bold heist reminiscent of a movie plot, the Louvre Museum…
Trump administration to defend Alina Habba's tenure as top New Jersey prosecutor

Trump Administration Set to Defend Alina Habba’s Role as Leading New Jersey Prosecutor

PHILADELPHIA (AP) — On Monday, the federal appeals court will deliberate on…
Suspect in 2021 restaurant murder acquitted

2021 Restaurant Murder Case: Suspect Walks Free After Acquittal

Jacksonville authorities arrived at the scene of a shooting at the Hyatt…
Soros-backed blue city DA under fire after freeing suspect tied to Miss USA hopeful’s death

Controversy Erupts: Soros-Backed DA Faces Backlash for Release Linked to Miss USA Hopeful’s Tragic Death

Philadelphia District Attorney Larry Krasner is under intense scrutiny after the arrest…
Trump Mocks 'No Kings' Protests: 'I'm Not a King—I Work My A** Off'

Trump Fires Back at ‘No Kings’ Protesters: ‘I’m No Monarch, Just a Hardworking Leader

President Donald Trump addressed the “No Kings” protesters by dismissing them as…
Truck hits parked van in Midtown Manhattan, pushing vehicle onto sidewalk and injuring 9

Midtown Manhattan Collision: Truck Crashes into Parked Van, Injures 9 as Vehicle Mounts Sidewalk

In a startling event on Monday, a truck collided with a parked…
New details revealed after Marine Corps live-fire round hits patrol car near Camp Pendleton

Investigation Launched as Marine Corps Live-Fire Incident Strikes Patrol Car Near Camp Pendleton

In a newly disclosed report by the California Highway Patrol (CHP), fresh…
ICE Chicago news: Immigration Enforcement, Border Patrol officials to testify on federal agents' use of force, tear gas Monday

Chicago Spotlight: Federal Officials Set to Address Use of Force and Tear Gas in Immigration Operations

Broadview, Illinois (WLS) — The scene outside the Broadview Immigration and Customs…
University fires Turning Point USA table flipper from teaching assistant role after campus outburst

University Dismisses Teaching Assistant Following Viral Turning Point USA Confrontation

An Illinois State University teaching assistant has been dismissed following an incident…
Bank robbers turn blue state into hot spot for heists as bandits grow bolder, industry leader warns

Surge in Bank Heists: Blue State Becomes Unlikely Crime Hub Amid Bold Robberies, Industry Experts Alert

In recent years, while the nation has seen a general decrease in…