Hyperdrive
Chinese EV Makers Suffer Setback in Europe as Tariffs Start
- EV market share for Chinese brands drops to 9.9% in July
- Provisional duties have stoked trade tensions with Beijing
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Chinese automakers registered fewer electric cars across Europe in July, as new tariffs amplified the impact of a broader slump in EV sales.
Brands including SAIC Motor Corp.’s MG and BYD Co. accounted for 9.9% of EV registrations in the region, down from 10.2% in July 2023, according to researcher Dataforce. Overall demand for EVs continued to weaken after Germany, Europe’s largest auto market, removed incentives late last year.