China based carmakers achieve record 11% EV share in Europe

London, July 30, 2024, (Oilandgaspress) –– Chinese carmakers secured a record 11% of the European electric vehicle market in June, as buyers raced to beat EU tariffs on imported EVs that came into force this month.

The figures, which include the UK, show that about 23,000 battery electric vehicles were registered in June, up 72% on the previous month as consumers raced to beat the price hike in the EU.According to data analysis by Dataforce, the Chinese state-owned SAIC, parent of the British brand MG, was responsible for the biggest jump but 40% of the imports were registered by dealers rather than drivers themselves, another sign of a pre-tariff sales rush.

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