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Germany: Tripling of Chinese EV Imports:
358 sats \ 6 comments \ @TomK 18 Jun econ
In a groundbreaking development for the automotive industry, Germany's import of Chinese electric vehicles (EVs) has seen an unprecedented tripling in 2023 compared to the previous year. The Federal Statistical Office (Destatis) reports that 129,800 pure electric cars, valued at €3.4 billion, have been imported from China.
This surge is not just a statistic; it represents a significant shift in global automotive trade and a potential challenge to European manufacturers. The European Commission's consideration of high tariffs on Chinese EV imports adds a layer of complexity to this evolving narrative.
As the European market grapples with this influx, questions about market dynamics, and economic policies come to the forefront. What does this mean for the future of mobility in Europe? How will manufacturers adapt to these changes? And, critically, how will consumers be affected?
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102 sats \ 0 replies \ @0xbitcoiner 18 Jun
The automotive industry could suffer from the influx of cheap Chinese cars. It's important to remember that Europe is heavily reliant on the automotive industry, both directly and indirectly. As always, consumers will pay whatever the policies dictate.
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142 sats \ 1 reply \ @JesseJames 18 Jun
That ain't gonna end well. Just my feeling. Considering German inclination to solid workmanship it will create resentment. Plus, more tech is being pushed into these things (computer chips, sensors, etc) sooner or later people will start asking where that data is going (if they don't ask already). So, get your popcorn ready and enjoy the show...lol
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155 sats \ 0 replies \ @anon 18 Jun
Protectionism in general is bad. But it's not protectionism to want to limit or stop trade with serious privacy and security consequences from a clearly hostile state. Letting Chinese EV's flood our streets when there's no realistic way to know what electronics they really have in them is insane.
Same goes for all electronics of course. But cars are particularly dangerous as we rely on them so much for life. Imagine the chaos if in a lead up to a war, China disables (or intentionally crashes) every overseas EV in western countries.
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42 sats \ 1 reply \ @Baleberg 18 Jun
I will think from the perspective of market theory and let’s see who survives here. It’s a free market and if the cars are coming from China that’s okay to as long as they are sustainable and not causing any harm to the people, but at the same time, think of if the Germany can do some more innovative or and the research so that they come with some better solution maybe flying cars or manufacture something which is more innovative and goes with nature. I think European countries which are quite innovative they have to look for something to give to the young minds so that they are not doing the same repetitive jobs of motor mechanics the designer whatever the people have done in the past maybe we can come up with some better solutions. All I can see is a young girl not big enough and having a long cigarette in her mouth and smoking. We should be giving something to the kids so that they know the value that they got from ancestors.
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0 sats \ 0 replies \ @TomK OP 18 Jun
the best gift to the young generation would be open markets that put them in a healthy competitive situation. this is the only way to create innovation and prosperity in the long run. what the EU has become is a subsidized bunch of bureaucrats who systematically stifle all these good qualities of free markets
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42 sats \ 0 replies \ @BlokchainB 18 Jun
Well this is an interesting development
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