‘Rapid expansion of Chinese brands causing concern amongst European auto manufacturers and policymakers’
Jon Lawes, Managing Director at MHC Mobility, a leading pan-European leasing business providing fleet solutions across all asset types and industry sectors, comments on the European mobility sector following today's (20 September) ACEA vehicle registration figures, which saw the market share for battery-electric vehicles exceed 20% for the first time.
“Concerns over Chinese brands dominating the European EV market threaten to cast a shadow over EV adoption and potentially stall the significant growth we’ve seen across Europe in recent months.
“China has emerged as a key player, dominating global EV sales with remarkable strides in clean energy tech, alongside very competitive pricing. Although Chinese brands account for less than 10% of Europe's EV market, their rapid expansion is causing concerns amongst European auto manufacturers and policymakers, prompting a European Commission inquiry into the impact of state-subsidised Chinese EVs.
“It remains to be seen what conclusions are reached, but potential measures to level the playing field could complicate recent adoption trends."