Chinese automakers registered fewer electric vehicles (EVs) across Europe in July, as new tariffs amplified the impact of a broader slump in EV sales.
Brands including SAIC Motor's MG and BYD accounted for 9.9 per cent of EV registrations in the region, down from 10.2 per cent in July 2023, according to researcher Dataforce. Overall demand for EVs continued to weaken after Germany, Europe's largest auto market, removed incentives late in 2023.
Chinese automakers and their European counterparts that import battery-electric cars into the European Union have been scrambling to adjust to the introduction of new tariffs on July 5 that raised duties on Chinese-made EVs to as high as 48 per cent.
Esta historia es de la edición August 31, 2024 de The Straits Times.
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Esta historia es de la edición August 31, 2024 de The Straits Times.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
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