Wednesday, March 22, 2023

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Chinese Invasion Of Electric Car In EU

While electric vehicle production slowed down in Europe due to supply shortages, the rapid rise of Chinese cheap electric cars scared brands. After Turkey, additional tax on Chinese vehicles was also on the agenda in the EU. The first support for the automotive giants’ desire for equal competitive conditions came from the President of France, Macron.

Competition is heating up in the electric vehicle market, where demand has accelerated due to the pandemic and the Russia-Ukraine war. While European brands slow down the production of electric vehicles due to problems in the supply chain, Chinese brands are spreading rapidly in the world with their cheap electric cars. European automakers want additional taxes on cars imported from China to curb China’s rapid rise in the electric vehicle market.

Asian small electric vehicles, especially Chinese, left their mark on the Paris Motor Show (Mondial de l’Automobile), which opened its doors after four years with the decrease of the effects of the pandemic. Far Eastern brands filled most of the stands at the fair, where French brands were limited and other European brands hardly attended.

According to the news of Dünya newspaper, Stellantis CEO Carlos Tavares, who answered the questions of journalists at the fair, drew attention to the risks posed by the rapid growth of Chinese manufacturers in Europe for the European market. Tavares, CEO of Stellantis, which includes 14 brands, said that the EU should impose higher taxes on cars imported from China.

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