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Chinese Electric Vehicles Surge in Western Europe Amid Trade Tensions

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EUR
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China's economy has shown signs of stagnation in July, but one bright spot is the sales of Chinese electric vehicles (EVs) to western Europeans.

According to Schmidt Automotive Research, sales of Chinese EV models in western Europe rose to 14.2 percent of total EVs sold between January and May this year.

This means around one in seven EVs sold in the region were Chinese-made, despite significant EU tariffs on Chinese EV exports since 2024.

The uptick in sales is being driven by consumer responses to two factors: conflict and climate change.

Europe's record-breaking heatwave this summer has accelerated its move toward a greener economy as households and firms buy heat pumps, solar panels, and EVs to decarbonize their activities.

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