European EV sales surge despite China concerns

News Image

MG News | July 09, 2026 at 05:15 PM GMT+05:00

July 09, 2026 (MLN): Electric vehicle (EV) sales across Europe continue to strengthen even as some European policymakers maintain concerns over competition from Chinese manufacturers and advocate protective trade measures.

According to EUobserver.com, European Commissioner for Industrial Strategy Stéphane Séjourné said on Tuesday that the European Union's automotive industry remains under "mortal danger" from what he described as China's excess EV production.

However, recent sales figures indicate sustained growth in consumer demand for electric vehicles across the region.

French automotive data agency AAA Data reported that EVs accounted for 30% of new car sales in France in June, marking a 94% year-on-year increase, according to APP.

Across the European Union, the share of fully electric vehicles also continued to rise. The European Automobile Manufacturers' Association (ACEA) said that more than one in five new cars registered in the EU in April 2026 were fully electric.

In May, the European EV market reached a new milestone, with nearly one in four vehicles sold being fully electric, according to fi-magazine.com.

Data compiled by E-Mobility Europe showed that 212,387 electric vehicles were registered during the month, representing a 34% increase compared with the same period last year.

The report noted that rising geopolitical tensions in the Middle East and elevated global oil prices have further strengthened the appeal of electric vehicles by increasing the attractiveness of lower running costs.

It also highlighted differing perspectives between policymakers advocating tariffs and consumers seeking competitively priced electric vehicles, arguing that higher trade barriers could increase EV prices, reduce consumer choice and slow progress toward the EU's carbon neutrality targets.

The report said long-term industrial development would be better supported through greater openness and cross-border cooperation, noting that China's strengths in lithium battery production, vehicle manufacturing and EV technology complement the EU's expertise in high-end automotive components, vehicle design and established market networks.

As an example of industrial collaboration, it cited Reuters' report that Stellantis and China's Dongfeng announced in May plans to establish a joint venture in Europe, including potential vehicle production in France.

The report concluded that growing EV sales reflect increasing consumer demand for electric mobility and affordable new energy vehicles, while emphasizing that the future development of the automotive industry depends on openness, collaboration and innovation rather than protectionist trade measures.

Copyright Mettis Link News

 

Related News

Name Price/Vol %Chg/NChg
KSE100 181,259.68
470.84M
-0.20%
-369.69
ALLSHR 109,929.76
975.62M
-0.01%
-12.56
KSE30 54,098.62
128.04M
-0.33%
-180.86
KMI30 255,607.53
154.75M
-0.30%
-762.24
KMIALLSHR 70,648.66
584.40M
0.03%
21.76
BKTi 51,158.12
47.42M
-0.71%
-368.09
OGTi 36,542.82
7.90M
-0.63%
-231.76
Symbol Bid/Ask High/Low
Name Last High/Low Chg/%Chg
BITCOIN FUTURES 62,840.00 63,460.00
61,795.00
410.00
0.66%
BRENT CRUDE 78.42 79.25
76.75
0.40
0.51%
RICHARDS BAY COAL MONTHLY 105.75 0.00
0.00
-2.50
-2.31%
ROTTERDAM COAL MONTHLY 119.00 119.50
118.50
-0.60
-0.50%
USD RBD PALM OLEIN 1,135.00 1,135.00
1,135.00
0.00
0.00%
CRUDE OIL - WTI 73.70 75.13
72.37
0.18
0.24%
SUGAR #11 WORLD 15.01 15.09
14.89
-0.10
-0.66%

Chart of the Day


Latest News
July 09, 2026 at 06:03 PM GMT+05:00

AI Chatbots not bias-free on health conditions


July 09, 2026 at 06:00 PM GMT+05:00

ADB slashes Pakistan FY27 growth forecast


July 09, 2026 at 05:43 PM GMT+05:00

Pakistan approves first National E-sports Policy


July 09, 2026 at 05:16 PM GMT+05:00

CDNS targets Rs1.5tr savings in FY27



Top 5 things to watch in this week

Pakistan Stock Movers
Name Last Chg/%Chg
Name Last Chg/%Chg