Used Chinese EVs flood Europe at 40% below MSRP — SkimNews
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- China EV Marketplace (CEVM) reported a 280% year-over-year increase in used EV sales to EU customers, reaching 7,900 units through September.
- CEVM shifted its European business focus to pre-owned Chinese EVs because they are exempt from the EU’s 45.3% BEV tariffs and new PHEV import quotas.
- Chinese EV brands like BYD, Geely, and Zeekr are producing vehicles that, when sold used, offer comparable technology to new Western EVs at up to 40% below original MSRP.
- CEVM COO Jakub Geršl stated that low-mileage Chinese EVs—often with around 6,000 km—are regularly found priced 40% below their original Chinese list price due to rapid model turnover.
- Western legacy automakers face mounting pressure from affordable, high-tech used Chinese EVs now available in markets like Europe and Canada, where new Chinese models are restricted by protectionist policies.
Why it matters: Used Chinese EVs are now entering Western markets at scale—7,900 units in nine months, tariff-free and 40% below MSRP—giving consumers a high-tech, low-cost alternative that legacy automakers can't match on price or innovation, reshaping competitive dynamics in the EV sector.
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