Challenges in the Electric Vehicle Market

The value of electric and hybrid cars has dropped significantly in the secondhand market, with some models losing almost 40% of their value within a year. Tesla's sales have also decreased, signaling a shift in consumer interest. The promotion of electric cars has been driven by hype rather than practicality, with challenges in battery technology and market trends.

China-made Electric Vehicles in Europe

China-made electric vehicles are gaining popularity in Europe, with a projected market share of over 25% by 2024. Chinese brands like BYD are expanding globally, challenging Western brands like Tesla in the EV market. The European Commission is investigating subsidies given to Chinese EV makers, while T&E suggests raising tariffs to promote self-sufficiency in the EU's EV industry.