Etiqueta: subsidy

Tesla sales plunged again in Europe in July as car buyers continued their migration to Chinese rival BYD.

BYD has begun exporting cars made in Thailand to Europe, partly in response to Thai policies that apply to vehicle imports.

BYD has reached a new milestone in its Southeast Asian operations by starting exports of electric cars from Thailand to Europe. The first model shipped is the

Detroit isn’t doomed, said Dan Sperling, founding director of the UC Davis Institute of Transportation Studies. But it requires some key policy support.

The EU introduced high special tariffs on electric cars from China last autumn. A Dataforce analysis shows that Chinese carmakers BYD and MG have since

In 2025H1, the global NEV market continued to grow, with a remarkable YOY increase of 25%. By country/region, China's NEV sales in H1 2025 remained the global leader, with a penetration rate of 46.6%. Policy support and price wars drove strong growth among domestic brands, and exports reached record highs. In Europe, market demand showed signs of recovery, but NEV growth was only in the low single digits due to subsidy reductions and supply chain bottlenecks, while Chinese automakers accelerated localized layouts to capture market share. The U.S. NEV market lagged behind China and Europe, with high interest rates and policy uncertainty suppressing its potential. Emerging markets such as Southeast Asia and Latin America showed early signs of explosive growth.

Brand and Channel Penetration in Lower - Tier Markets: Strategies and Opportunities

BYD outsold Tesla in Europe for the first time in April 2025, with registrations surging 359% year-over-year amid EU tariffs, driven by affordable models and local production plans. Tesla's sales plummeted due to aging lineups, supply issues, and CEO controversies. This shift highlights China's growing EV dominance in the region.

Carmaker’s vehicle registrations sink in July as board moves to refocus chief on reviving fortunes