Car brands have been forced to shift focus to other markets because of tariffs
In Southeast Asia, Chinese EVs account for 74% of all new EVs sold. The number of Chinese cars sold in Russia , the UAE, and Israel has also jumped considerably. A growing number of cars from China are also being sold in Brazil . While Chinese EV manufacturers have to deal with costly new tariffs across the Europe an Union, they continue to rapidly expand in other important markets.
Sales increases have also been reported in other markets. For example, a total of 159,621 Chinese vehicles , were sold in Brazil in January-May, a massive year-on-year increase of 138,093. In addition, 34,601 petrol and EVs manufactured in China were exported and sold in Israel through the first five months of 2024. Of these, 26,803 were EVs and PHEVs, accounting for a 68% share of the local market and less than 3,000 vehicles shy of the total sales figure for 2023.
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