Fabian Brandt On EV Production Outlook In Europe And China
April 22, 2024
The current slump in EV sales in Europe presents an opportunity for European carmakers to catch up with their Chinese rivals in electrification. Despite this, uncertainties loom over the future of the European EV market, including debates on growth potential and challenges such as price, range, and charger availability. Regulatory factors and competition with Chinese carmakers also factor in significantly.
As Fabian Brandt highlights for the Financial Times Lex, “Chinese carmakers’ product costs are €3,500-€5,000 per unit cheaper than European counterparts”.
From 2025, European carmakers face new CO₂ emissions standards, prompting some to offer discounts on BEVs to avoid fines. Volkswagen notably reported a 154% year-on-year increase in its BEV order book in Europe in the first quarter. Nevertheless, competition with cheaper Chinese carmakers remains a significant challenge.
Read the full article here (paywall).