this post was submitted on 17 Jul 2026
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Chinese automakers have captured more than 30% of the UK’s EV market, up from less than 1% seven years ago. Government subsidies allow brands like BYD and Geely to price vehicles thousands of pounds below European competitors. As Volkswagen’s profits fall and Tesla’s UK market share drops, American and European automakers are racing to respond to China’s growing global push.

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[–] Nonconfrontational@lemmy.ml 1 points 1 hour ago

Because they're not paying some schmuck at the top 50 million dollars a year.