European Automakers Face Growing Competition from China: A Shift in the Electric Vehicle Market In a move that highlights the intensifying global competition in the electric vehicle sector, Volkswagen Group CEO Oliver Blume has called on the European Union to impose higher tariffs on Chinese plug-in hybrid cars. The EU market has seen a significant surge in demand for these vehicles, with Chinese models now accounting for a staggering 28% of all plug-in hybrid electric vehicle (PHEV) sales. Notably, the top three best-selling PHEVs in Europe are now Chinese-made, a development that has sparked concerns among European automakers. Blume's plea to the EU comes as the global EV market continues to evolve, with China emerging as a major player in the industry.
VW Group CEO Oliver Blume urged the EU to quickly impose higher tariffs on Chinese plug-in hybrid cars after they captured 28 percent of Europe's PHEV market and took the top three sales spots.
