Electric car

The European Union has warned it would slap additional tariffs of up to 38 percent on Chinese electric car imports from next month after an anti-subsidy probe, a move that risks provoking a bitter trade war.

Brussels angered Beijing by launching the investigation last year in a bid to defend European manufacturers in the face of a surge of cheaper Chinese imports.

The European Commission told automakers on Wednesday it would impose extra duties of up to 38.1% on imported Chinese electric cars from July, risking retaliation from Beijing which called the move protectionist.

The platform for applications for 'Electric Mobility 3' is opening on Friday at 12 noon.

This is the new program subsidizing the purchase or lease of electric cars, motorcycles, tricycles and bicycles by individuals and corporations.

The combined sales of passenger cars and light commercial declined by 10 percent in May from a year ago, the Automotive Distributors and Mobility Association (ODMD) said on June 4.

Some 100,305 vehicles were sold in Türkiye last month, according to ODMD data. This followed the 22.3 percent contraction in the local auto market in April.

On the shores of the Sea of Marmara, a grey and turquoise factory built at breakneck speed is churning out electric cars by the hundreds.

Türkiye is hoping its first major electric carmaker will put the country in the driving seat of the automotive industry.

The Cyprus Statistical Service's latest report reveals a significant surge in motor vehicle registrations, marking a 33.5% increase to 17,589 in January-April 2024, compared to 13,180 in the same period of 2023.

The combined sales of passenger cars and light commercial vehicles declined by 22.3 percent in April from a year ago to around 76,000 units, the data from the Automotive Distributors' and Mobility Association (ODMD) showed on May 3.

The size of Türkiye's electric car market is expected to nearly double this year as sales are forecast to reach 120,000 units.

Last year, 72,179 EVs were sold in the country, pointing to an 833 percent increase from 2022, which made Türkiye the fastest-growing EV market in Europe. In terms of the number of EV sales, Türkiye ranked 8th in Europe.

Bulgaria experienced a substantial surge in new car sales during February, marking a significant increase of nearly 60% compared to the same period last year.

Bulgaria emerges as a standout performer in the European Union's automotive market, boasting the second-highest growth rate in new car sales, according to data released by the Association of Automobile Manufacturers in Europe (ACEA).