Volkswagen wants tariff protection after Chinese brands grab 28% of Europe’s PHEV market
TL;DR
VW’s Tiguan PHEV dropped from #1 to #4 in Europe as BYD Seal U, BYD Atto 2, and Jaecoo 7 overtook it. Blume demands EU PHEV tariffs. Chinese brands hold 28.3% of Europe’s PHEV market.
Volkswagen CEO Oliver Blume is demanding the European Union impose higher tariffs on Chinese plug-in hybrids after the Tiguan PHEV dropped from Europe’s best-selling plug-in hybrid to fourth place in a single year. The BYD Seal U now leads the segment, followed by the BYD Atto 2 and the Jaecoo 7. All three are Chinese. “We have no time to lose,” Blume said during the company’s first-half earnings call.
Chinese brands took 28.3% of Europe’s PHEV market in the first half of 2026, according to Dataforce. The EU already imposed tariffs of up to 35% on top of the standard 10% duty on Chinese battery-electric vehicles, but those levies do not apply...
Copyright of this story solely belongs to thenextweb.com. To see the full text click HERE
