EconomyChinese electric car sales surge to a record high in Europe
Imports of state-subsidised electric cars from China reached 172,000 in the year to May, representing 14% of the European market. Sales have been propelled by strong demand and low tariffs in the UK, alongside a sharp increase in Italian buyers. The figures come as Chinese manufacturers face claims that they are “dumping” subsidised vehicles into the EU and UK to expand their market share. They are likely to strengthen demands for quotas and higher tariffs aimed at shielding European carmakers.
Chinese electric car sales surge to a record high in Europe
Economy