I doubt theres a single country in the EU that has cheap power,...

I doubt theres a single country in the EU that has cheap power, maybe can get some power from Russia. EU power is 10x the cost of power produced in Asia
Won't make any difference as the Chinese will control the EV market, already doing so and will only increase in the future.

China EV sales – China further stimulates internal adoption of EVs as part of strategy to develop global dominance

• China has introduced a new scrappage scheme to replace ageing diesel and petrol vehicles with EVs.
• Under the new scheme drivers who want to replace their old car with a modern electric or a plug-in hybrid will receive financial support.(electrive)
• Buyers will CNY10,000 (~US$1,380). Grants are also available of CNY7,000 (~US$966) when trading in for a new ICE vehicle with a maximum engine capacity of 2ltrs
• The scheme which runs till 10 January 2025 could generate additional demand for 400,000-800,000 BEVs and plug-in hybrids and 600,000-1.2m ICE vehicles according to analysts from Topsperity Securities.
• Recent government statements are clear in that China sees EVs as leading the way in “intelligent connected new energy vehicles” where China has strong momentum in production and new development.
• China’s focus on the full supply chain is part of its “complete industrial system” with “continuous investment in innovation” giving the nation a “leading advantage” according to Premier LI Qiang at the recent Beijing Automotive Exhibition.

• According to the International Energy Agency's (IEA) Global Electric Vehicle Outlook 2024 report, China is projected to continue to dominate the global EV market.
• China accounted for 60% of all EV sales worldwide in 2023, driven by its strategy of producing affordable small EVs.
• The IEA forecasts that one in three cars on China's roads will be electric by 2030, with annual EV sales reaching a staggering 60m units.
• The report highlights China's focus on producing small, affordable EVs priced around $10,000-$15,000 as a key factor driving mass adoption.
• Major Chinese EV makers like BYD, Chery, and Wuling are leading the charge with popular budget-friendly models appealing to cost-conscious consumers.
• The IEA predicts that by 2030, China will account for over half of the projected 246m EVs on roads globally.
• Despite reports that China’s EV market was heavily oversaturated, with unsold, abandoned vehicles sitting in ‘EV Graveyards’, it is continuing to pump government funds into the sector.
• China spent roughly $173bn in subsidies for NEVs between 2009 and 2022. (WSJ)
• Zhido, a small automaker that went bust following subsidy cuts in 2019, has re-entered the market with fresh capital from state-backed funds and investors.