Europe's Electric Ambitions Leave Local Car Industry in the Dark The European Union's Industrial Accelerator Act is poised to shake up the continent's automotive market.
However, its far reaching implications are being overshadowed by more populist measures: tariffs on Chinese electric vehicles and a "made in EU" requirement that will soon be nothing more than a relic of the past.
Analysts at Citi predict that Chinese carmakers could capture between 15% and 30% of the European market by 2035. This forecast may seem ambitious, but it's not unreasonable given their current sales growth trajectory.