EU probe into Chinese EVs

The EU is considering imposing punitive tariffs on China’s electric car imports. The prices of Chinese EVs are kept artificially low by massive state subsidies – more than €53 billion between 2017 and 2022


EU battery EV sales (Jan-Jun 2023) 	0.0% Share of total EV sales 

Volkswagen	21.9%	156,000
Tesla 		19.2% 	137,000
Stellantis	14.9% 	106,000
Chinese EVs 	37,000	36,000	77,299 10.8%
		Geely 	SAIC 	BYD 3,000, Great Wall 717, Nio 582	
Renault		9.0% 	64,000
BMW 		7.3%	52,000
Mercedes 	6.6%	47,000 
Hyundai 	3.9%	28,000
Kia 		3.2%	23,000 
3.3% Other			23,432
Toyoto 7,000	Nissan 7,000, Ford 6,000, Mazda 3,000, Tata 432


Renault Dacia Spring: EU’s most affordable EV – €20,800 in France, €15,800 after state subsidy


China: Average price of new EV 2011
€41,800

2021
€22,100
DOWN
47%

EU: Average price of new EV 2012
€33,300

2022
€45,000
UP
35%


Sources: ANWB, Bloomberg, European Commission, Jato Dynamics
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