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Imports and Exports
Technology

Electric vehicles idle at EU ports amid sales slump

21 May 2024 - by Staff reporter
 Source: The Autopian
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EU ports are almost full to capacity with Chinese electric vehicles (EVs) due to a massive slump in sales across the continent.

The parking lots at the Belgian ports of Antwerp and Zeebrugge are filling up with the Chinese imports, the Daily Express reported this week.

The facilities, which have capacity to store an estimated 130,000 vehicles, are packed full of MGs, BYDs, Nios, XPengs, Lynk & Cos, Omodas and Hongqi, as well as other vehicles.

EV sales dropped 11,3% in March across the EU, while purchases in Germany slumped 28,9%.

This comes after Chinese EV manufacturers targeted European markets to benefit from the continent’s progressive green agenda. The European Council passed a law requiring all new cars and vans sold on the continent to be zero-emission by 2035.

New cars sold must cut emissions by 55% from 2030-34 compared with 2021 under the new regulations, and vans must achieve a 50% reduction.

EU politicians are discussing whether to impose import tariffs to counter China’s state subsidies for its EV industry, which is forecast to account for 25% of all electric car sales in 2024.

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