Recent data from JATO Dynamics has highlighted an interesting trend in the European electric vehicle (EV) market, emphasizing the prominence of cars produced in China and Germany among the top performers.
Among the five best-selling EV models in Europe for May, two were manufactured in China, contrary to the perception of them being exclusively “Chinese EVs”. Notably, the Tesla Model 3, produced in China, and the Volvo XC40, from Volvo Cars owned by Geely, achieved significant sales figures. Despite Volvo’s association with a Chinese parent company, it is still largely perceived as a Swedish automaker.
Conversely, the other three top models hailed from Germany. These include the Tesla Model Y, along with Volkswagen’s ID.3 and ID.4, underlining Germany’s strong presence in the European EV market.
Further analysis by JATO Dynamics revealed that Chinese-made EVs accounted for 19% of all battery electric vehicles sold across 28 European markets in May, marking a 25% year-over-year increase. This growth contrasts sharply with a 16% decline for EVs produced outside China during the same period.
Felipe Munoz, a Global Analyst at JATO Dynamics, attributed this surge to strategic market positioning ahead of anticipated European Commission tariffs. Munoz noted that the pandemic-induced slowdown in European car production has created an advantageous scenario for Chinese OEMs, allowing them to capitalize on market opportunities and circumvent tariffs.
In terms of performance, BYD, Volvo, and Smart emerged as significant gainers with notable increases in BEV registrations, while MG, BMW, Dacia, and Polestar experienced declines.
Looking ahead, JATO Dynamics highlighted new models making an impact, including the Volvo XC30 and others like the Lexus LBX, BMW i5, and Renault Scenic, each contributing to the evolving landscape of electric mobility in Europe.
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