The global shift from petrol and diesel cars to electric vehicles is causing disruption in the car industry, particularly in Europe. China has emerged as the world's largest car exporter, surpassing traditional car-making countries like Japan, Germany, and South Korea. This shift is due to China's investment in electric car production and its dominance in battery manufacturing. The cost of producing electric vehicles in China is significantly cheaper than in Western countries, allowing Chinese cars to be sold at lower prices. European carmakers are struggling to compete with this disruptive innovation and are facing challenges in transitioning their industrial models to focus on battery production. Many countries, including the US, Canada, and India, have imposed tariffs on Chinese EV imports to protect their domestic car industries. However, the UK has not yet imposed any extra tariffs, making it an attractive market for Chinese car producers.
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Original article source: https://news.sky.com/story/the-electric-shock-behind-europes-stuttering-ev-future-and-how-china-has-leapfrogged-major-car-exporting-nations-13267440
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