European tariffs boost electric vehicle production in the Old Continent

A study showed that electric car production in Europe has rebounded after the European Union imposed tariffs on imports from China. Western companies increased their production, and the market share of Chinese cars decreased from 38% in 2024 to 23% in the first quarter of 2026, despite some Chinese companies like BYD and Geely experiencing growth in their exports. Additionally, the impact of tariffs on Chinese car imports has lessened, while electric car production within Germany increased by 15%, reaching 1.22 million vehicles over the past year.

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