Automotive News Europe (June 12)
2024/ 06/ 13 by jd in Global News
“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
