Electric cars have flooded the new and used car market. According to Standvirtual, the July balance shows that electric cars have registered the largest increase in demand in the used car market compared to the same period last year.
According to the Portuguese Automobile Association, sales of new electric vehicles grew by 23% in July, a segment that has seen a growth of almost 12% since the beginning of the year. A total of 154,604 new vehicles were put into circulation in July, of which more than 60,000 were electric. In the used car market, despite the fact that the market has recorded a decline, “the demand for electric vehicles is showing the opposite behavior, that is, it continues to grow compared to the same period last year,” assures the CEO of Standvirtual. A reality that, according to Nuno Castel Branco, is linked to “a change in the consumption habits of the Portuguese, as they increasingly invest in electrified vehicles.” On the other hand, he adds, new trams that have entered the market are now arriving in greater quantities than used ones. In July, demand for electric and hybrid vehicles was led by the Tesla Model 3, Renault Zoe and Hyundai Kauai. Globally, all alternative energy vehicles (electric, petrol or diesel hybrids and plug-in hybrids) accounted for about 13% of demand in July.
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COMPENSATION
The European Commission has proposed revised countervailing duties of up to 36.3% for Chinese electric vehicle makers in the EU, and also proposed a 9% countervailing duty for Tesla as an exporter from China. XIAOMI IS ATTENTIVE
Chinese tech company Xiaomi is exploring the right time to bring its electric vehicles to the European market, despite Europe being “slower” than China in its transition to electric vehicles.
COMPENSATION
The European Commission has proposed revised countervailing duties of up to 36.3% for Chinese electric vehicle makers in the EU, and also proposed a 9% countervailing duty for Tesla as an exporter from China. XIAOMI IS ATTENTIVE
Chinese tech company Xiaomi is exploring the right time to bring its electric vehicles to the European market, despite Europe being “slower” than China in its transition to electric vehicles.
Author: Raquel Oliveira
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.