How China Is Becoming A Threat For The European EV Market Each Year, Explains Analysts
How China Is Becoming A Threat For The European EV Market Each Year, Explains Analysts
Staff
Mon, 07/31/2023 - 18:07
13 percent of China’s fleet will become completely electric or hybrid by the end of 2025 as compared to 6 percent internationally
For the past couple of years, China has been very very active in launching affordable electric cars with sophisticated features, which is putting the western EV market at risk. A year back, China sold a huge volume of EVs and hybrids with a global market share of 13 percent. In Europe in 2022, around 850,000 electric passenger vehicles were imported out of which half appeared from China.
[original story: Circuit Digest]