KAPSARC – A Perspective on the Evolving Plug-In Electric Vehicle Landscape Amid Trade Tariffs and Strategic Responses

The main theme of the report is the analysis of the current state and prospects for the development of the plug-in electric vehicle (PEV) market amid trade tariffs and strategic responses.

Key findings include the slowdown in global PEV sales linked to technological factors and consumer preference for hybrid vehicles. The introduction of Western tariffs on Chinese PEVs and potential strategic responses by Chinese and Western policymakers and automakers are also discussed. Experts expect that tariffs will moderately reduce the price competitiveness of Chinese PEVs in the West, and China is likely to seek ways to circumvent these tariffs.