BYD and Chery Boost European Hybrid Sales Amid EU Tariff Push

BYD and Chery increased plug-in hybrid sales in Europe in 2024 as EU considers new tariffs targeting the segment. BYD's hybrid registrations outpaced EV sales, Chery shipped tens of thousands of plug-in hybrids while selling fewer battery electric vehicles. EU plans to investigate and potentially impose tariffs on hybrids are still in discussion.