Chinese electric vehicle (EV) manufacturers have seen their market share in Europe fall to its lowest level in two years.
According to data from platform Dataforce, only 6.9% of EVs registered in February were made in China. This marks the lowest level since February 2023, after being 7.8% in January. This drop in market share comes even as EV sales in Europe have surged by a quarter.
The decline follows the introduction of tariffs on imported Chinese EVs within the European Union last year.
Traditional brands such as Volkswagen, Renault, and Kia have mainly benefited from the increased demand for EVs in February, partly due to the launch of new models.
Only Chinese brands BYD and Xpeng experienced significant growth in February.
Another significant loser in the market early this year has been Tesla, which has seen a sharp decline in European sales attributed to the controversial political interference and support for European far-right parties.
A global day of protest action is planned on Saturday against Tesla.
