Core Insights - The European Union (EU) is projected to import electric vehicles (EVs) worth €15.2 billion in 2024, with over half of these imports coming from China [1] - The total value of EU automobile imports is estimated at €42.4 billion in 2024, with EVs making up 16% of the imports [1] - The total production of automobiles in the EU for 2024 is expected to reach 12.1 million units, with electric vehicles accounting for 13% of this production [1] Import Data - In 2024, 16% of imported vehicles in the EU will be pure electric vehicles, 6% will be plug-in hybrid vehicles, and 21% will be non-plug-in hybrid vehicles, totaling 43% of all imports [1] - The breakdown of pure electric vehicle imports shows that 55% will come from China, 16% from South Korea, 9% from Japan, 9% from the USA, 7% from the UK, and 4% from other regions [1] Export Data - The EU is expected to export automobiles worth €57.3 billion in 2024, with 12% being pure electric vehicles [1] - The distribution of pure electric vehicle exports indicates that 31% will go to the UK, 23% to the USA, 11% to Norway, 7% to Turkey, 5% to Switzerland, and 23% to other countries [1] Production and Value - The total value of the EU automobile market in 2024 is projected to be €322 billion, with pure electric vehicles valued at €57 billion, plug-in hybrids at €29 billion, and non-plug-in hybrids at €36 billion, collectively accounting for 38% of the total automobile market value [2]