Chinese new energy vehicle (NEV) giant BYD has released its fifth-generation DM (dual mode) hybrid technology for plug-in hybrid electric vehicles with a comprehensive driving range of 2,100 kilometers.
Imported chinese EVs are still undercutting the European manufacturers, as much they have been lobbying to have increased import fees on the cheaper non EU EVs. The narrative is that they are heavily subsidised to the extend they cannot compete anymore, in so crippling overal in-continent EV development. Resulting in a dependence to the East.
If I am not mistaken such import fee has just passed in Brussel, in order to protect the European market.
In a weird way, humanity has been longing for greener automobile solutions, and now that it’s there, Europe wants to slow it down.
Imported chinese EVs are still undercutting the European manufacturers, as much they have been lobbying to have increased import fees on the cheaper non EU EVs. The narrative is that they are heavily subsidised to the extend they cannot compete anymore, in so crippling overal in-continent EV development. Resulting in a dependence to the East.
If I am not mistaken such import fee has just passed in Brussel, in order to protect the European market.
In a weird way, humanity has been longing for greener automobile solutions, and now that it’s there, Europe wants to slow it down.
The US wants to slow it down. Europe is just following orders.