Sales of Chinese electric vehicles have surged in Norway and now account for almost 10% of new car sales in the country.
The wealthy Scandinavian country is well ahead of most countries in the switch to electric vehicles, while a rebound in Chinese car sales – data from the country's road federation (OFV) showed on Thursday – has accelerated in just a few days. Appeared within the year.
The biggest difference is that, unlike the EU and the United States, Norway does not impose import tariffs on Chinese electric vehicles.
See also: Top automakers continue China EV price war for third year in a row
Brussels and Washington say Chinese electric cars benefit from unfair subsidies, a charge Beijing denies, and Western carmakers warn they could be hit hard by cheap Chinese imports, although some doubt buyers will adopt unfamiliar brand.
In Norway, the combined market share of Chinese manufacturers such as MG (part of SAIC Motor), BYD and Xpeng Motors increased to 8.8% last year from 5.1% in 2023 and 4.1% in 2021, according to OFV-based calculations by Reuters . Top 20 car brands by sales.
MG's first Chinese electric car arrived in Norway, having been shipped just five years ago in January 2020.
“The Norwegian car market is probably one of the toughest markets in the world,” said Christina Bu, head of the Norwegian Electric Vehicle Association. “The competition is fierce.”
Starting from November 2024, EU raises import tariffs About China Electric Vehicles As high as 45.3%.
“We treat all countries equally,” said Cecilie Knibe Kroglund, Norway’s deputy transport minister. Nordic countries are not part of the EU.
The EU's move comes after America's decision By 2024, import tariffs on Chinese electric vehicles will increase from the previous 25% to 100% of their value.
In 2023, China will become the world's largest automobile exporter, with global electric vehicle sales of approximately 1.2 million.
- Reuters Additional editing by Jim Pollard
See also:
Toyota to build factory in China to produce luxury electric cars – Nikkei
Honda and Nissan launch merger talks to create auto giant worth $50 billion
Trump plans to restrict China's electric vehicle supply chain
EU supports high tariffs on Chinese electric cars, but negotiations will continue
Chinese carmakers call for 25% retaliatory tariffs on EU cars
Chinese EV firm scales back European plans amid subsidy probe
European farmers fear trade war with China over EV tariffs
EU tariff fallout: China warns of WTO lawsuit, Tesla to raise prices
Elon Musk's U-turn: U.S. Tariffs on Chinese Electric Vehicles “Not Bad”
Minister: Welcome China's BYD to open electric vehicle factory in France
European countries chase Chinese EV factories as EU eyes tariffs
