Seems the best performers were Tesla and Huawei AITO in this case. InterestingDid someone say safety?
Seems the best performers were Tesla and Huawei AITO in this case. InterestingDid someone say safety?
- Chinese plug-in hybrid exports surged 210% in the first half of 2024 versus 40% for battery-only vehicles.
- Europe saw a 551% jump in Chinese hybrids amid struggles to meet 2035 zero-emission goals.
- Hybrids are expected to dominate exports for 3–5 years.
Plugin hybrid sales are higher because there is no additional tariffs, unlike BEVPHEV exports are growing much faster than BEV thanks to limited grids, tariffs, etc. The trend is most visible in Europe.
Plugin hybrid sales are higher because there is no additional tariffs, unlike BEV
The charging infrastructure gap remains the fundamental driver of this shift. Markets from Southeast Asia to Latin America lack the charging networks necessary to support mass adoption of battery-only vehicles, making hybrids an attractive compromise that addresses range anxiety while still offering some environmental benefits.