According to a recent report by the Financial Times, a quarter of electric vehicles sold in the EU this year will be made in China. In addition to this, BYD, the largest EV maker in China, exported 19 per cent of its output overseas in February, its highest ratio ever.
Despite the likes of the UK, the Biden administration in the US and the French government all stating that they will attempt to block Chinese EVs from tax subsidies, or go so far as to impose a hike on import tariffs, the impending march of cheaper electric and hybrid vehicles from China shows no sign of abating.
