Reported about 17 hours ago
Chinese automakers like BYD and Chery are ramping up sales of plugin-hybrid vehicles in the EU to avoid import tariffs imposed on electric cars. Data from research firm Rho Motion indicates that their sales of plugin-hybrids surged in March 2025, while sales of battery-electric vehicles remained relatively low due to tariffs as high as 45.3%. With the EU and China discussing potential tariff relaxations, companies are quickly adapting their strategies to navigate the current market challenges.
Source: YAHOO