I had a long conversation with Jose Pontes yesterday for our YouTube channel . One thing he noted was that the China EV tariffs are the story of the day, and it’s one of three main topics we discussed . There have been many angles to discuss this, and we’ve got more coming. Also, we publish extensivethanks to Jose. However, one headline jumped out to me this week. JATO Dynamics highlighted that two out of the five best selling EV models in Europe in May were produced in China.
What JATO Dynamics didn’t highlight but I noticed is that the other three models in the top five were produced in Germany. That would be the aforementioned Tesla Model Y as well as the Volkswagen ID.3 and Volkswagen ID.4. “Since the global pandemic, the European car market has only recovered to 75%-80% of its original size. As a result, many factories across Europe are not operating at full capacity, giving Chinese OEMs a unique opportunity to sell across Europe while avoiding tariffs,” Munoz added.
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