Chinese brands top Israel's EV sales in Jan-Aug period

[beijingwalker]

Chinese brands top Israel's EV sales in Jan-Aug period​

Xinhua | Updated: 2023-09-04 11:25

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province.

JERUSALEM - Chinese brands topped Israel's electric vehicle (EV) sales in the first eight months of 2023, according to data issued Sunday by the Israel Vehicle Importers Association.

The best-selling EV brand in Israel is Chinese carmaker BYD, which sold 12,168 cars, mainly the subcompact crossover SUV Atto 3, during the Jan-Aug period this year.

Meanwhile, BYD moved up one position to fourth place in Israel's overall car sales rankings which include both gasoline and electric cars.

Geely Auto Group, another Chinese carmaker, sold a total of 5,581 Geometry C compact crossovers in the same period, holding second place in EV sales in Israel.

American carmaker Tesla stood in third place with 4,948 electric cars sold, followed by South Korean Hyundai Motor with 3,879 cars.

In terms of gasoline car sales, Chinese automaker Chery Automobile Corporation, which entered the Israeli market in late 2022, held the seventh position with 9,820 cars sold.

Chinese brands top Israel's EV sales in Jan-Aug period

www.chinadaily.com.cn

 

[Beny Karachun]

Chinese brands top Israel's EV sales in Jan-Aug period​

Xinhua | Updated: 2023-09-04 11:25

Vehicles from Chinese brands wait to be exported from a port in Suzhou, Jiangsu province.

JERUSALEM - Chinese brands topped Israel's electric vehicle (EV) sales in the first eight months of 2023, according to data issued Sunday by the Israel Vehicle Importers Association.

The best-selling EV brand in Israel is Chinese carmaker BYD, which sold 12,168 cars, mainly the subcompact crossover SUV Atto 3, during the Jan-Aug period this year.

Meanwhile, BYD moved up one position to fourth place in Israel's overall car sales rankings which include both gasoline and electric cars.

Geely Auto Group, another Chinese carmaker, sold a total of 5,581 Geometry C compact crossovers in the same period, holding second place in EV sales in Israel.

American carmaker Tesla stood in third place with 4,948 electric cars sold, followed by South Korean Hyundai Motor with 3,879 cars.

In terms of gasoline car sales, Chinese automaker Chery Automobile Corporation, which entered the Israeli market in late 2022, held the seventh position with 9,820 cars sold.

Chinese brands top Israel's EV sales in Jan-Aug period

www.chinadaily.com.cn

Chinese car companies luck is that Israeli taxes are high.

A basic Tesla Model 3 starts at 55,000 dollars taxes included, while the Chinese BYD Atto 3/Geometry C cost 40,000 dollars.

That's because first 20,000 dollars of an EV are taxed at 20 percent, and the rest are taxed at a much higher 70 percent.

This creates a very large price gap.

 

[Han Patriot]

Chinese car companies luck is that Israeli taxes are high.

A basic Tesla Model 3 starts at 55,000 dollars taxes included, while the Chinese BYD Atto 3/Geometry C cost 40,000 dollars.

That's because first 20,000 dollars of an EV are taxed at 20 percent, and the rest are taxed at a much higher 70 percent.

This creates a very large price gap.

So it has nothing to do with technology or value for money right. The Chinese are just lucky with taxes.

 

[Beny Karachun]

So it has nothing to do with technology or value for money right. The Chinese are just lucky with taxes.

Tesla Model 3 original price: 40,000 dollars
Geely Geometry C original price: 32,000 dollars

Tesla price after tax: 55,000 dollars
Geely price after tax: 40,000 dollars

Tax for Model 3: 15,000 dollars/37.5% of original price.
Tax for Geometry C: 8,000 dollars/25% of original price.

Model 3 is better than Geometry C. 8,000 dollars better? I believe so. 15,000 dollars better? Maybe not.

Geometry C is more worth it in Israeli market due to taxes.

That being said they're nice cars.

 

[Han Patriot]

Tesla Model 3 original price: 40,000 dollars
Geely Geometry C original price: 32,000 dollars

Tesla price after tax: 55,000 dollars
Geely price after tax: 40,000 dollars

Tax for Model 3: 15,000 dollars/37.5% of original price.
Tax for Geometry C: 8,000 dollars/25% of original price.

Model 3 is better than Geometry C. 8,000 dollars better? I believe so. 15,000 dollars better? Maybe not.

Geometry C is more worth it in Israeli market due to taxes.

That being said they're nice cars.

So if i sell you Kandi EVs for 5K, will you buy it? BYD is selling you goid tech for lower price. It is not just because if it being given tax advantages alone. Tje day you remove that bias, is the day you are worthy to have a country.