EU's Electric Car Trade: China Dominates Imports, Exports Rise in 2024
In 2024, China accounted for 55% of all electric car imports into the EU. Meanwhile, the EU's production of hybrid and electric cars reached 32% of total output, with electric cars leading in value at €57 billion.
The EU's trade in hybrid and electric cars saw shifts in 2024. Imports from extra-EU countries decreased by 12% to €42.4 billion, while exports to these countries fell by 8% to €57.3 billion. Despite this, the share of EU car exports that were hybrid or electric increased by 1 percentage point to 28%.
The EU's import partners showed a strong focus on intraregional trade, with significant production and export activities in countries like the Czech Republic. However, no single top export partner was explicitly named for 2024. China remained the top import partner, accounting for 55% of all electric car imports.
The EU's hybrid and electric car market experienced changes in 2024, with shifts in import and export values, and an increase in the share of electric car exports. Despite these changes, the EU's commitment to electric vehicle production and trade remains strong, with China continuing as the top import partner.
