คาด ‘สมาร์ทคาร์’ จีน ยึดตลาดยุโรปตะวันตกถึง 20% ภายในปี 2028 | THE STANDARD WEALTH

Chinese EVs are rapidly expanding globally, including in the European market, where they are projected to capture approximately 20% of the market share by 2028, according to JP Morgan. This growth is driven by the global shift towards electric vehicles and China's advanced EV technology and diverse product range. JP Morgan's Asia Pacific automotive industry research division predicts that Chinese manufacturers like BYD, the world's largest EV producer, along with others, will deliver 2.5 million vehicles to Western European markets (Germany, Italy, France, and the UK) by 2028, a 150% increase from last year's 1 million. This acceleration in EV adoption in Europe creates a favorable environment for Chinese producers, who offer cutting-edge technology and competitive pricing. This surge in Chinese EVs means existing European and other foreign car manufacturers will lose market share. JP Morgan's updated forecast is more optimistic about China's dominance than previous analyses, anticipating an even faster acceleration. Analysts believe Chinese automakers and suppliers are leading in EV technology and manufacturing, largely due to government policies and innovation. Chinese EVs often feature advanced powertrain systems, digital displays, and even built-in refrigerators, attracting consumers. Despite import taxes (30% on EVs, 10% on hybrids in the EU) and high transportation and marketing costs, Chinese manufacturers still achieve better profits in Europe than competitors, with an estimated net profit of $735 per vehicle, potentially rising to $2,700 in overseas markets. The global energy crisis, rising crude oil prices, and trade wars further push European consumers towards EVs. By 2030, five Chinese automakers could be among the world's top ten, thanks to their technological and cost advantages. This could significantly shift the global automotive industry balance. Europe, which initially drafted the EV game, is now seeing China outpace it, partly due to expensive fuel costs pushing consumers to switch to electric cars. This rapid progress by China has surprised many European officials, who are now witnessing the advanced and affordable Chinese EVs firsthand.