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China's EV Surge Threatens Western Automakers
Chinese EV sales surged 40 percent in 2024 to 11 million units, fueled by government subsidies and exports growing 24 percent, while Tesla's sales declined due to boycotts and high prices resulting from US tariffs; meanwhile, Norway's tariff-free policy led to a 10 percent Chinese EV market share.
China's EV Surge Threatens Western Automakers
Chinese EV sales surged 40 percent in 2024 to 11 million units, fueled by government subsidies and exports growing 24 percent, while Tesla's sales declined due to boycotts and high prices resulting from US tariffs; meanwhile, Norway's tariff-free policy led to a 10 percent Chinese EV market share.
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