Automotive News: China dumping cheap EVs on global markets

The threat of hordes of cheap EVs made in China has governments concerned in Europe and the US. China is dumping cheap EVs on the world markets, but not many consumers are biting.

EV sales are down significantly as consumers wise up to the fact that global warming is caused by activity on the sun and not humans.

–by Mark Cipolloni–

At a local Tesla EV depot here in NJ, there are so many Teslas stacked up, as far as the eye can see.  We have already reported that there are many EV manufacturers close to going bankrupt as another failed Biden Administration policy falls flat on its face.

So far, the US tariff on Chinese EVs stands at 27.5%, which has kept virtually all electric cars from China out of America.

In February, Republican Senator Josh Hawley, one of the few politicians in Washington with half a brain, introduced a bill that would raise the tariff on EVs from China to 100 percent to protect US auto workers “from the existential threat posed by China.”

Both Jalopnik and Quartz are citing a report by the Financial Times that claims Chinese manufacturers are sending more EVs to Europe than they can sell, which has led to thousands of them being parked at port facilities. The port operators are displeased because the glut of cars is interfering with other port activities. Some now say they are no longer ports but rather car parks for newly arrived Chinese EVs.

Officials representing the ports blame Chinese automakers for clogging their facilities with Chinese EVs by failing to arrange for their cars to be transported to dealerships after they arrive. According to executives representing the Port of Antwerp-Bruges, the busiest port for car imports for all of Europe, cars arrive at the port with nowhere to go. “Car distributors are increasingly using the port’s car parks as a depot. Instead of stocking the cars at the dealers, they are collected at the car terminal,” they told the Financial Times.

According to supply chain experts and car industry executives on the ground, Chinese automakers aren’t selling their cars fast enough, with some cars spending up to 18 months before finding a buyer or being transported elsewhere.

Some Chinese EVs have been sitting in European ports for up to 18 months, while some ports have asked importers to provide proof of onward transport, according to industry executives. One car logistics expert said many of the unloaded vehicles were simply staying in the ports until they were sold to distributors or end users. “It’s chaos,” another person who had been briefed on the situation told Quartz.

Trying to ram EVs down consumers throats is a recipe for disaster and is likely going to end up in a financial bloodbath for many.