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Key regions: United States, Germany, Netherlands, China, United Kingdom
CO2 emissions exert a profound influence on climate and the environment, fueling the greenhouse effect and contributing significantly to global climate change. Nearly one-fourth of these emissions worldwide can be attributed to the transportation sector. Electric vehicles (EVs) emerge as a promising solution, potentially acting as a carbon-neutral alternative when powered by renewable energy sources. This underscores their pivotal role in mitigating the impact of traditional combustion engine vehicles on the environment.
The Electric Vehicles market includes information about electric vehicles in countries where, according to our sources, a public electric vehicle charging infrastructure is already available. In this context, "public" means that people have unrestricted access to the charging infrastructure. A vehicle can be defined as electric if it is self-contained with a battery or classified as a plug-in hybrid. All key figures shown represent the sales of new cars, and their basic configuration in the respective year. The figures do not include the sale of used vehicles nor adapted equipment for the new cars sold. The prices and revenues shown are accordingly based on the basic models.
The Electric Vehicle market is divided into distinct two distinct markets, namely Battery Electric Vehicles (BEVs) and Plug-in Hybrid Electric Vehicles (PHEVs). This categorization allows for a nuanced understanding of the market dynamics, considering the specific attributes and market penetration of each electric vehicle type. The emphasis on new car sales and their foundational configurations ensures clarity, while the exclusion of used vehicles and customizations maintains focus on the evolving landscape of electric vehicles.
But he stressed the EU market is huge and Chinese manufacturers must make long-term plans if they want to succeed in Europe.
ZAGREB, Feb. 5 (Xinhua) -- There is great potential for Chinese electric vehicle (EV) makers to expand in Croatia and the European Union (EU) but they still face big challenges ahead, Croatian experts said in recent interviews with Xinhua.
Over the past 10 years, China has achieved incredible success and its electric vehicles have excellent quality, appealing design and competitive prices, Hrvoje Paver, an independent adviser at the Trade Department of the Croatian Chamber of Economy told Xinhua.
Croatian consumers had a big interest in Chinese electric vehicles as they are looking for reliable electric vehicles that they can afford, Paver said, adding that they see Chinese electric vehicles as a good choice.
Echoing Paver, Hrvoje Prpic, president of the Croatian EV Drivers Association, said the quality of Chinese EVs has improved "significantly" in the past few years. Several major European car manufacturers are ordering Chinese batteries for their EVs, Prpic added.
Mihael Akerman, a Croatian automotive industry expert, also said "Chinese electric vehicles are welcome in Croatia because they are better in terms of price and quality than those of many well-known car companies."
Despite the considerable advantages and progress, Chinese EV manufacturers still face such big challenges as high tariffs imposed by the EU as ways to protect its own car industry.
On Chinese companies'' bid to build factories in Europe to maintain competitiveness in the EU market, Prpic said "This will take a long time and the EU will do everything to slow down the construction of Chinese factories in Europe and delay the arrival of Chinese manufacturers in the EU as much as possible."
Moreover, Chinese manufacturers need to build a service network throughout Europe, because customers will be reluctant to buy an electric vehicle that does not have a service at a distance of 50-100 kilometers from their home, he added.
Paver concurred with Prpic, noting that the primary obstacle for Chinese manufacturers in Europe is the import duties and the Chinese manufacturers need to build a service network in Europe.
Paver also expressed the belief that Chinese EV manufacturers will be able to overcome the obstacles and challenges and expand business in Europe. "I think that very soon we will see more and more Chinese electric cars in Croatia and Europe. There is great potential for their expansion," he added.
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Keyword: auto market EVs
Chinese EVs show "great" expansion potential in Croatia but face big challenges, say experts
There is great potential for Chinese electric vehicle (EV) makers to expand in Croatia and the European Union (EU) but they still face big challenges ahead, Croatian experts said in recent interviews with Xinhua.
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