The European Commission will find local manufacturers’ EVs among the cars in what it’s calling a race to the bottom.
A logo on a Dacia Spring crossover electric automobile, manufactured by Renault SA, is displayed on a vehicle during the automaker's E-Ways event in Paris, France, on Friday, Oct. 16, 2020. Renault SA’s promotional blitz for its growing electric lineup may be too late for the maker of Europe’s best-selling EV to stay atop the region’s expanding market for battery-powered cars.
No automaker has taken advantage of China’s low cost base for manufacturing EVs more than one of Europe’s own. By comparison, when China’s top-selling EV maker BYD Co. announced pre-sale prices for the EV range it was starting to market in Europe a year ago, the most affordable model the company offered was the €38,000 Atto 3 sport utility vehicle.
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