Home Automobile There are too many electric cars in China! Auto Plus news in your smartphone Auto Plus news in your inbox

There are too many electric cars in China! Auto Plus news in your smartphone Auto Plus news in your inbox

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There are too many electric cars in China!  Auto Plus news in your smartphone Auto Plus news in your inbox

If you follow automotive news regularly, you know that sales of electric cars continue to accelerate. And this is all over the world, whether in Europe or in Asia. And it is not for nothing that the state authorities want to do everything to ban thermal energy.

Fast rise

Thus, the offer of zero-emission models is constantly expanding, while more and more manufacturers enter this segment, willingly or by force. This way, customers have more choice and the prices are also lower, enough to convince them to finally take the plunge. In addition, Chinese electric cars also operate around the world, which does not sit well with Brussels, which is concerned about this large-scale incursion. Thus, the European Union even decided to take measures to limit the damage. But it seems that this is still not enough, because Chinese cars are developing at a crazy pace, and this is starting to create problems not only in our region, but also in our native country. So much so that the government would almost like to put an end to it all. But what is it? We explain everything to help you understand the amazing situation that is unfolding!

Too big an offer

In China, new car sales have grown significantly in recent years, with a market share of around 25% in 2023, up from 22% in 2022. It is expected that this indicator will continue to grow over time. Well, in theory. Because in practice, the demand gradually begins to run out, and the supply continues to increase. And that can quickly become problematic. And for good reason, when the subsidies to help drivers buy electric cars are removed, there is no doubt that they will no longer want to take this step. Thus, there is a risk of significant oversupply and producers may find themselves in difficulty with large inventories on hand. It could also affect prices in Europe, which could then be climbed. Therefore, the Chinese government wants to “take measures” to limit the number of new projects by Chinese automakers in the coming years.

Read also:

Zem: This electric car prototype that swallows CO2 emissions!
Audi A3: the next generation will be 100% electric
The Aceman Mini Concept announces an upcoming small electric SUV

Author: Marie Lizak
Source: Auto Plus

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