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China’s share of global electric car market rises to 76%
Market share increases after strong demand within country offsets risks from western tariffs on Chinese-made EVs
The EU has also decided to impose tariffs on Chinese EVs of up to 35%, on top of existing duties of 10%, a decision that was condemned by China. Although western markets are becoming increasingly difficult to penetrate for Chinese companies, the strong demand and support for EVs at home has continued. Tesla, the US car company led by Elon Musk, a close ally of Trump, appeared to be one of the beneficiaries of the new Chinese subsidy in September.
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