Automotive News Europe (June 12)
“European automakers are being challenged by an influx of lower-cost EVs from Chinese rivals,” which have surged in popularity, with their EU market share rising to 8% (from less than 1% in 2019), and potential to reach 15% in 2025. Still, Mercedes, BMW and VW all lined up against the EU’s new 38% tariff on EVs exported from China because “China is a key profit center” for the German automakers who “could face counter measures in China.”
Tags: 38% tariff, BMW, Challenged, China, Chinese rivals, Counter measures, EU, EVs, German automakers, Influx, Market share, Mercedes, Popularity, Profit center, VW
The Drive (May 20)
Germany “is turning its back on traditionally powered cars and looking towards electric for its future. Data provided by Germany’s Federal Motor Transport Authority…shows a surprisingly sharp upwards trend in EV purchases compared to 2017.” The data also shows diesel sales are “withering” and reveals an unexpected surprise: “Kia’s Soul EV topped the charts by selling 721 units in April, followed by the BMW i3 with 491 cars.”
