news

A buying frenzy occurred before the tax increase, and China's pure electric vehicle sales hit a new high in Europe | Comment in one sentence

2024-08-07

한어Русский языкEnglishFrançaisIndonesianSanskrit日本語DeutschPortuguêsΕλληνικάespañolItalianoSuomalainenLatina

As we all know, the EU has started to impose high tariffs on imported pure electric vehicles from China in early July. On the basis of the previous 10%, temporary anti-subsidy duties ranging from 17.4% to 38.1% were imposed on different automakers. The policy will last up to four months, during which EU member states will vote on whether to convert it into a formal tariff for five years.

This will inevitably increase the price of pure electric vehicles produced in China and shipped to the EU, which will directly lead to consumers in these countries having to pay higher prices for Chinese electric vehicles starting in July.

To this end, in June, before the new tariff policy came into effect, some European dealers and consumers launched a wave of rush buying, which led to a record monthly sales volume of Chinese pure electric vehicles in Europe.

Data from market research firm Dataforce shows that in June, sales of Chinese-branded pure electric vehicles in Europe (including the EU and EFTA) exceeded 23,000, a month-on-month increase of 72%. Their share of the European pure electric vehicle market also hit a record high of 11%.

Research firm Jato Dynamics said that in June, Chinese brands sold a total of 19,000 pure electric vehicles in EU countries, a year-on-year increase of 36%.