The prices of electric cars are sometimes enough to scare away potential buyers. “Fortunately,” Chinese vehicles using this technology are proving more affordable. A gap between Chinese EVs and others which counts when making your final purchase choice… but which could be even greater.
Indeed, Chinese cars are obviously sold much more expensive in France and Europe than in their country of origin. As evidenced by a report published by Reuters, just a few days ago. These gaps can be colossal.
The agency thus takes the example of a Dolphine from the giant BYD. The latter costs around 35,000 euros in Europe. However, it costs nearly 15,400 euros in China. For a Tesla Model 3, the Price varies by 37% upwards in Europe. These differences can even go up to 178%.
These can be explained in various ways. The war for these vehicles is raging in particular in China and profits are almost zero on the continent for the manufacturer. In addition, the Chinese want to change their image. Aligning just below the prices of European cars is one way to change consumer perceptions.
Will Chinese car prices rise further?
This investigation is published at the same time as European Union authorities are investigating subsidies granted by the Chinese government to the country’s manufacturers. This can actually allow the latter to offer more affordable cars than Europeans and constitute illegal competition with manufacturers from the Old Continent.
The Nio firm has already been singled out in this investigation for the prices it charges. This could all lead to an increase in customs duties for Chinese vehicles sold in Europe. The fact remains that manufacturers obviously have room to spare.
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To sum up
Chinese electric cars are particularly affordable. But they could potentially be even more so. A study published by Reuters underlines this. Price differences can be colossal for the same car sold in China and Europe.
