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China economic focus June 2024: challenges to car exports
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
China’s electric vehicle exports face rising trade barriers worldwide. The EU, US, Brazil and Turkey all added tariffs on EVs from China in 2023 and 2024. Internal combustion engine vehicle exports will continue to grow in the short to medium term. Russia and oil producers in the Middle East and Latin America, which have a slower EV penetration forecast, are the major growth markets for China. China will ultimately establish EV manufacturing facilities in their targeted markets. Partner countries’ trade policy towards EV upstream will determine whether China’s EVs are a success story.
Table of contents
- Executive summary
- More trade barriers for EV exports
- A different story for the ICE car
- The strategy for Chinese car manufacturers
- Appendix
Tables and charts
This report includes the following images and tables:
- Tariff schedule on Chinese EVs
- Breakdown of China's EV exports by region, 2023
- Breakdown of China's ICE vehicle exports by region, 2023
- Wood Mackenzie's proprietary China data
- Manufacturing PMI
- Industrial production and retail sales
- Trade
- Inflation
- Property
- Investment
- Money supply (M2)
- Required reserve ratio
What's included
This report contains:
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