electric vehicles: an international competition

2024-09-03

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according to the latest eu tariff plan, polestar's products will be subject to a 19.3% tariff. however, its suv model polestar 3 has been put into production at volvo's south carolina plant in early august, supplying the us and european markets. after canada announced additional tariffs on chinese electric vehicles, polestar told reuters that it was evaluating the situation. when asked if it had confirmed that products would be supplied to canada from us factories, the company did not elaborate. the spanish newspaper vanguard reported on august 29 that the "most logical solution" for chinese electric vehicles to enter the european and american markets seems to be to build cars directly locally. he xiaopeng, ceo of chinese electric vehicle manufacturer xpeng, recently expressed his intention to implement "made in europe" in an interview with bloomberg.

this "chinese revolution" phenomenon has made chinese electric vehicles the focus of world attention, attracting the attention and investment of countries around the world. this trend is closely related to the positive attitude of european and american countries towards the development of new energy vehicles in recent years. the cost of electricity in europe is 3 to 4 times higher than that in china, and 6 to 8 times higher in germany, which makes the local european automobile manufacturing industry face huge challenges. as the leader in the field of electric vehicles, chinese companies have provided cheap and efficient products to the global market by reducing production costs and improving efficiency, making it the most popular electric vehicle brand in the world.

however, this low-cost advantage has also triggered new competition, especially under the influence of european countries' tariff policies on chinese electric vehicles. europe is facing a challenge and they need to take effective measures to meet this challenge. reducing the cost of energy transformation in the transportation industry and investing in infrastructure such as public transportation networks are key paths, which will not only benefit europe's local automobile manufacturing industry, but also promote renewable energy, create jobs and sustainable economic growth.

in the future, the global electric vehicle market will present a more intense competition. chinese electric vehicle manufacturers will continue to dominate the global market with their advantages. european countries need to find new breakthroughs to stay ahead in the competition.