Reported 8 months ago
Sales of electric vehicles in Europe fell sharply last month, with Germany experiencing a significant drop in demand. New EV sales in Germany dropped by 30%, contributing to a 12.5% decrease across the continent. The European Commission imposed tariffs of up to 48% on Chinese EV imports due to alleged unfair subsidies, potentially impacting EV prices. While some European countries experienced declines in EV sales, Belgium and France saw an increase. The slump is attributed to carmakers focusing on combustion-engine cars and luxury EVs instead of more affordable options in anticipation of stricter EU emission regulations next year.
Source: YAHOO