"China Shifts Global Auto Market: European Premium Brands Ditch Plug-in Hybrids In a significant move that reflects the rapidly evolving landscape of the global auto industry, European premium brands such as Mercedes, BMW, and Audi have announced that they will no longer offer plug-in hybrid models in China. This decision comes on the heels of changes to tax rules in the country, which have made shorter-range plug-in hybrids less competitive. Meanwhile, local Chinese automakers have been gaining ground with their own electric vehicle offerings, offering longer ranges and more affordable prices. As a result, European premium brands are shifting their focus to more competitive electric vehicle options, marking a significant shift in the global auto market."
European premium automakers including Mercedes, BMW and Audi have eliminated plug-in hybrids from China after tax rule changes and superior local competition made their shorter-range models obsolete ...
