Chinese electric vehicle (EV) brands secured a record 7.4% share of Europe's passenger-car market in September 2024, driven by strong demand for EVs and hybrids from manufacturers like BYD, MG, and Chery. The UK was a significant contributor, accounting for nearly half of these sales, aided by reduced import taxes and changes in license-plate regulations. Across Europe, plug-in hybrid sales surged by 62%, with Chinese brands capturing 20% of this segment. In contrast, US investments in EV-related sectors fell by nearly one-third in the three months ending September 2024, as reported by the US Clean Investment Monitor. This decline highlights a shift in global EV market dynamics, with Chinese brands gaining traction in Europe while US investments wane.