They are expensive to buy. Also to repair and insure.
Sales of them have declined recently.
EU announced today that they are putting higher tariffs on imported Chinese EVs.
Quote:
Brussels will impose tariffs of up to almost 50 per cent on Chinese electric vehicles, brushing aside German government warnings that the move risks starting a costly trade war with Beijing.
The European Commission notified carmakers on Wednesday that it would provisionally apply additional duties of between 17 and 38 per cent on imported Chinese EVs from next month.
The duties will be applied on top of existing 10 per cent tariffs on all Chinese EVs, depending on the extent to which they complied with an EU investigation into electric carmakers that was announced last September.
Major exporters including BYD, the world’s largest electric-vehicle manufacturer, and Geely will be hit with additional individual tariffs of between 17 and 20 per cent.
EVs made in China by Tesla “may receive an individually calculated duty rate”, the commission said.
Companies considered not to have co-operated with the probe, including Shanghai’s state-owned group SAIC, will be subject to the 38 per cent rate. SAIC has dominated the lower end of the European EV market through its MG brand.
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From
https://www.ft.com/content/0545ed62-...a-c9f808e18385