Nearly one in five cars sold worldwide in 2023 was electric: IEA | Autocar Professional
Baua Electric
MAY 7, 2024
Chinese car makers can undercut rivals in Europe because their production costs are heavily subsidised. At the start of 2023, PHEV subsidies were phased out, resulting in lower PHEV sales compared to 2022, and in December 2023, all EV subsidies ended after a ruling on the Climate and Transformation Fund. China exported over 1.2
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