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Market share increases after strong demand within country offsets risks from western tariffs on Chinese-made EVs
China’s share of the global electric vehicle market reached 76% in October, the country’s automotive trade body said, reflecting strong demand for EVs in the country even as western tariffs risk hobbling exports.
Between January and October, sales of EVs reached 14.1m units, according to the China Passenger Car Association, with 69% of those sales in China. In October, China’s share surpassed three-quarters. https://www.theguardian.com/business/2024/dec/03/chinas-share-of-global-electric-car-market-rises-to-76?CMP=share_btn_url&fbclid=IwZXh0bgNhZW0CMTEAAR0-Tl4IZQQAUzWTLeOSSBPn6XTId5rjmZb9bBD3odO-V2pox826CjojL28_aem_5mhvPdzPEmtXZeXhkGlxAw
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