Back to Search Start Over

Europe's EV Sales Plunge Has Carmakers Seeking EU Relief.

Authors :
Wilkes, William
Torsoli, Albertina
Source :
Bloomberg.com; 9/20/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

Germany's electric-vehicle (EV) market experienced a significant decline last month, contributing to an overall drop in EV sales across Europe. This has prompted carmakers to call on the European Commission to reconsider climate targets and provide relief measures. The decline in EV sales is primarily attributed to the reduction of government incentives, which had previously made EVs more affordable. The situation is particularly pronounced in Germany, where the economy is facing setbacks and car manufacturers are reevaluating their strategies. However, the UK saw a 10.8% increase in EV sales. The decline in EV sales is also putting pressure on the EU's deadline to ban new combustion-engine cars by 2035, with European automakers divided on the way forward. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
179770054