PricewaterhouseCoopers: Europe will become a net importer of cars by 2025

PricewaterhouseCoopers: Europe will become a net importer of cars by 2025

In 2025, more cars will be imported than exported. This came according to a report by PricewaterhouseCoopers, carried by the news agency DPA.

It is the transition to electric cars that creates challenges for European car manufacturers. While 1.7 million more cars were exported than were imported in 2015, according to PwC, there will be an import surplus of nearly 221,000 vehicles in 2025.

It is Chinese automakers in particular that are growing in Europe. In addition, many European car manufacturers produce their cars in China. Many of these are imported into Europe. In 2025, about 800,000 Chinese-made cars will be sold in Europe. About 330,000 of these will be Chinese-made cars from European car brands.

In 2021, European car manufacturers imported 35,000 electric cars from China. This year, the number will likely end at 66,000 vehicles, according to PwC.

This development comes as a result of the fact that there are still problems with maintaining constant access to spare parts and that energy prices in Europe have risen.

European car production is declining

He writes that European car production has declined in recent years Car Week. In 2017, 14.9 million cars were produced here. In 2021, production fell to 9.9 million vehicles. In Germany, 5.6 million cars were produced in 2017, but only 3.1 million were produced in 2021.

In addition to the shortage of spare parts that has been going on for several years, the development is also due to European car manufacturers moving more of their production to China.

On top of that comes the recently adopted US Climate Package that makes it particularly attractive for electric vehicle production in North America. This contributes to the desire of car manufacturers to produce their cars there to a large extent.

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The climate package means, among other things, that only cars with batteries manufactured in North America with a significant proportion of North American raw materials can be used in cars if buyers are entitled to purchase the subsidy. This is perhaps one of the main reasons why Tesla moved battery production equipment from its factory in Germany to the United States. Northvolt has also expressed it He wants to build a factory in the US before Germany.

European car manufacturers largely produce expensive electric cars in Europe. Chinese car manufacturers export cheaper cars to Europe, which are technologically on a par with European cars. PricewaterhouseCoopers estimates that Chinese electric car brands will gain about 5 percent of the market share in the European electric car market by 2030.

The Audi Q4 e-tron on the production line at the Volkswagen plant in Zwickau, Germany. Photo: Marius Valli

Only one European model is among the top 20 sellers

Of the 20 best-selling cars in the world as of August of this year, only one was made by a European plant. This was the Volkswagen ID 4, which at the time was the eighth best-selling in the world with 99,880 copies, according to Inside electric vehicles.

The bestseller was the American Tesla Model Y with nearly 410,000 copies, followed by the Chinese Wuling Hong Guang Mini EV with nearly 279,000 copies and the Tesla Model 3 with 268,000 copies.

Besides Tesla models, Ford Mustang Mach-e (20th), Kia EV6 (19th) and Hyundai Ioniq 5 (15th) make up the rest of the top 20 best-selling Chinese auto brands.

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In Europe, most European car brands are still sold. In the four largest markets here, eight of the top ten best-selling electric cars from European auto brands came from January to September, according to figures from PricewaterhouseCoopers. The best-selling model was the Fiat 500, followed by the Tesla Model Y and Model 3.


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Hanisi Anenih

Hanisi Anenih

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