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China Dominates Electric Vehicle Market, Challenging Europe's Ambitions

share-iconThursday, January 09 comment-icon1 week ago 5 views
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lemondeLEMONDE
China Dominates Electric Vehicle Market, Challenging Europe's Ambitions

Credited from: LEMONDE

  • China now accounts for 70% of the global sales of new-energy vehicles, a surge from 52% in 2022.
  • As of July 2024, new-energy vehicles make up about 50% of total automotive sales in China, compared to less than 25% in Europe.
  • The increasing adoption of electric vehicles in China is paired with the installation of more charging stations, enhancing convenience for users.
  • Despite challenges such as reliance on coal for electricity, China's electric vehicle market thrives on strong demand and political support.
  • European and US manufacturers face tough competition as they have been slow to transition from combustion engines to electric vehicles.

For more details, visit the original article at Le Monde.

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Gloria Terra

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