Chinese Automakers Shift To Hybrids To Avoid EU EV Tariffs

The European Union has finalized significantly higher customs duties on electric vehicles from China.

In response to higher EU tariffs on Chinese electric vehicles, automakers like BYD, SAIC, and Geely have increased exports of hybrid vehicles to Europe. This strategy allows them to circumvent the tariffs while continuing to expand their market share in the Europe. By shifting their focus to hybrid models, these companies aim to remain competitive and capitalize on growing demand in Europe, adapting to the changing trade landscape.