Neil Winton has covered the European Auto industry in general and electric cars in particular for Forbes for 11 years. He is based in the U.K. and publishes WintonsWorld.com. Winton was a reporter and editor at Reuters for 33 years. His Reuters assignments included New York and Brussels.
The Europe an Union‘s attempt to protect its carmakers from an existential threat from Chinese electric cars seems to have succeeded, and the expected incursion from the east over the rest of the decade looks survivable.
Schmidt said EV sales in Western Europe will about quadruple to nearly 8.3 million in 2030 from just under 2 million this year. If the provisional regime survives, experts reckon Chinese automakers will still prosper because their efficiency is up to 30% better than Europe’s.“The additional countervailing duties would dent the profitability of Chinese EV exports but won’t stop the Chinese from expanding into the EU, which still presents a very lucrative opportunity. We estimate that BYD’s exports to the EU will still be significantly more profitable than domestic sales in China,” Bernstein said in a recent report.
Europe China CO2 2035 Schmidt Automotive Research Bernstein Research Rho Motion VW BYD
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