China And UK Just Stunned Europe With This, And It's About To Disrupt The Entire EV Market

China And UK Just Stunned Europe With This, And It's About To Disrupt The Entire EV Market

The electric vehicle (EV) scene is buzzing with excitement, especially as the UK gets ready to welcome a bunch of Chinese EVs. With the European Union tightening the screws on Chinese car makers with hefty tariffs, the UK is stepping up as a hot spot for these vehicles. So, what’s this mean for our roads and rides? Imagine waking up to find that your favorite sneakers now cost 30% more because of new tariffs. That’s what’s happening to Chinese electric vehicle makers in Europe. The EU has slapped on tariffs that could range from 19% to a whopping 46.3% on Chinese battery electric vehicles (BEVs). Ouch, right? This move is all about countering the huge government support that Chinese manufacturers get, which the EU says gives them an unfair leg up.

So, what does this mean for the cars we see zooming around? Well, it’s a total game changer. With these tariffs looming large, many Chinese brands are shifting their focus to the UK market, where things look a lot friendlier. Owen Edwards, who’s in charge of downstream automotive at Grant Thornton, says, “Europe has traditionally been an attractive market for Chinese brands due to its size and lower import tariffs.” But with the EU tightening the reins, the UK looks like a golden opportunity. The impact here is huge. Chinese manufacturers want to keep growing, especially since they sold over 30 million new vehicles last year. With the EU putting up walls, the UK could become a safe haven for these brands, allowing them to keep expanding without the heavy burden of tariffs. This shift could lead to a flood of Chinese EVs hitting UK roads, changing the competition and giving us more choices than ever.

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While the EU is busy building walls, the UK government is taking a different route. Instead of slapping tariffs on Chinese EVs, the UK is thinking about ways to encourage their importation. Why? Because the UK is on a mission to go green and make electric cars affordable for everyone. Sounds pretty good, right? A senior figure at a UK automaker spilled the beans that the British government is exploring “alternatives to going down the anti-subsidy road.” This shows they’re open to welcoming Chinese EVs instead of shutting them out, which is a refreshing change.

The UK automotive sector, which sends about 80% of its production abroad, is in a bit of a pickle. The Society of Motor Manufacturers and Traders (SMMT) reported a 7.6% drop in car production in the first half of 2024 compared to last year. With numbers like that, it’s clear the industry needs a boost. As the UK gears up to welcome more Chinese EVs, it risks becoming a hotspot for these vehicles. Brands like BYD and Chery are already eyeing the UK as a prime market, especially if they can set up local production facilities. This strategic move could give Chinese brands a serious edge and provide UK consumers with more choices at better prices.

Chinese car makers aren’t just sitting around twiddling their thumbs; they’re making smart moves to grab a spot in the UK market. Take BYD, for example. They’re not just wishing for good luck—they're actually setting up battery plants in Hungary and vehicle plants in Turkey. Meanwhile, Chery is checking out places in Spain to set up shop. These moves show they’re serious about making cars locally, which can really help them compete better in Europe. Recent research from JudgeService shows that UK folks are warming up to the idea of Chinese brands. In fact, the study found that 41% of car buyers looking at fancy vehicles would consider a Chinese brand if it were priced £3,000 lower. That’s a pretty big deal! For everyday brands, 27% of consumers felt the same way if the price was right. This means Chinese brands could snag a nice chunk of the market if they play their cards smart.

But it’s not all smooth sailing. Success will depend on a few things, like how well people take to these brands and if they can set up dealer networks. Philip Nothard, who’s the insight director at Cox Automotive, pointed out that “Factors such as brand acceptance will be crucial in determining their success.” How these brands navigate the UK market will really shape their future here.

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[goddardhospedales]

Someone is smarter than you don't complain just do better

[Ibcurious-uk]

Don't trust Starmer. He is a real snake in the grass.

[polycadence]

Ursula serves the interests of her master USA, not the interests of Europeans. Tariffs on a non competitive domestic EV industry only delays the inevitable.
Ursula Von Der Leyen applauded the blowup of the Nord Stream pipelines by USA.

[howardharris]

Way to go we need good cheap affordable and reliable cars I want a car myself.

[stephenclay]

I have no problem buying a Chinese Ev. They know how to build cars as German car makers have had factories out there building there cars for some years. Plus we are quite happy to buy our mobile phones that are made in China. So if it brings the price of cars down that to me can only be a good thing. Plus 90% of the batteries that are in Ev’s are made in China.

[sarahkhan]

China’s EV development is incredibly impressive. All countries have subsidy in the form of tax incentives rebates etc. subsidy is not a crime. It is a blessing to green technology boost businesses affordability to global consumers 👍❤️🇨🇳

[Pilotop-r]

Europeans aré blind folded by Von der layen AND others, Wake up!!

[lachen]

What about the US subsidies to their farmers? What about the 50 billion dollars US subsidy under the CHIPS Act? What about subsidies to Boeing and Airbus?

[alexanderpo]

The European union is just protecting their laggard industry from the more advance Chinese industry!! To put tariff is not protecting the local industry-- it is just mollycoddling the inefficient local industry instead of helping it (with subsidies and tax breaks) to improve itself to COMPETE!!

[patrolmanracv]

join BRICS community ..safety ..no wars peaceful co operation make UK great again for the people..as long as your US owners will let you out of jail ..

[rtbear]

Did the EU thought chinese can make ev at $11k because of subsidies?

[kennethausten]

I have seen a documentary on the Chinese EV fires. It's frightening. Hopefully a new battery design will overcome.

[MASMIWA]

While subsidies help in reducing costs, China's emphasis on domestic supply chains are more important. BYD, for example. has developed the entire supply chain within BYD, hence its ability to reduce costs. Western automakers don't do that except for Tesla. Parts are subcontracted out and the auto brand does only assembly The EU is making a huge mistake. Like 5G, by banning or tariffing excessive amounts, it delays progress on their green agenda. Countries like Hungary and Spain who have invited Chinese automakers to build factories in their countries are the beneficiaries.

[jameshack]

The Chinese will just build the cars in Hungary of Turkey and export to the EU tariff free. China can play one EU member against another to get the most favorable terms

[varvoom]

BYD is my 1st EV to save a better world for my Grandchildren.

[edwin-qblm]

I support free trade, not pleasing Uncle Sam every time! 🙏🙏💟♥️🌹👍👌

[rachelbatt]

Believe me, the uk is not embracing the ev scene. There will not be a market 👀

[Marco-ztfz]

The best thing would be if the Dexit comes, then the EU is history. Then Europe would be rid of Super Ursula. Europe don't need the EU. But Europa need a economy alliance like the EER

[donkeykong]

UK saying goodbye to German, French, and Italian brands

[bireswarhalder]

You are non competitive, don't blame China's subsidy. Look how much subsidy the USA is providing to pull industries from Europe and Asia for setting up semiconductor plants.
Many German plants are shifting to the USA.