Hyperdrive
China’s Electric Vehicles Lose Ground in EU After New Tariffs Take Effect
- July registrations drop from June after rush to beat deadline
- BYD gains ground from year ago, while MG, Polestar decline
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European Union tariffs slowed the influx of Chinese-made electric vehicles in July, as the bloc moved to protect its automakers from low-cost competition.
The number of new EVs that Chinese automakers like BYD Co. and SAIC Motor Corp.’s MG registered in the EU last month fell 45% from June, according to research from Dataforce, which compiled results across the 16 member countries that have reported July figures to date.