EV/Lithium, page-548

...a third of EVs sold in EU are China made EVs.

...I mentioned before that affordability is just one factor in a decision to buy a certain make. And I believe that a third of those who decided on a Chinese EVs in EU were primarily price driven.

...now with the tariff, that one third may suffer some loss of demand. The people who could have the financial capacity to buy a European EV would have done so, but the people who don't have such capacity now does not have the option to buy a Chinese EV so they may opt for an ICE instead of a European EV/

..until of course the European car makers and/or Tesla are able to roll out cheaper models comparable to Chinese makes.

...until that happens, China's EV loss in EU is not EU EV gain, it would likely either benefit ICE or no one.

...however, Chinese EVs could still be marginally (though less) competitive because car observers claims that China makes have a 40% cost advantage over European makes. So an up to 38% tariff still offers a thin or marginal advantage if the Chinese want to pursue.

...a China tariff retaliation against European made EVs would be a big dent to the sales of European makes in China, when it has already suffered a massive reduction in demand in recent years.

...all in all, a poor outcome for global EV sales and accordingly the lithium industry.

...GEOPOLITICS is front and centre of the EV/Lithium space. And the Donald has not even entered the scene yet.
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The much anticipated EU EV tariffs have been announced. In 2023 just shy of half a million China made EVs were sold in the EU making up nearly one-third of the total EVs bought.

https://x.com/RhoMoIola/status/1800880148495077623