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- cross-posted to:
- [email protected]
- technology
Summary
China’s share of the global electric vehicle (EV) market surged to 76% in October, driven by domestic demand despite escalating western tariffs.
Between January and October, China accounted for 69% of global EV sales, with subsidies boosting local purchases.
The US and EU have imposed steep tariffs—up to 100% and 35%, respectively—on Chinese EV imports, complicating market access for Chinese automakers. Exports to Russia, however, have soared by 109% over two years.
Beijing has prioritized the EV sector as a cornerstone of its economic and green transition strategy.
Which is why the tariffs have been accurately labeled as a tax by Democrat critics. Because without domestic alternatives it is effectively a foreign goods tax.
Even with replacements, it’s still the same thing.