Reported about 2 hours ago
European automakers, including Stellantis, Renault, and Volkswagen, are emphasizing the launch of budget electric vehicles (EVs) at the Paris Auto Show amidst rising competition from Chinese manufacturers. With high ownership costs dissuading potential buyers, these companies aim to counter a slump in EV sales through more affordable models, crucial for meeting tough emissions targets and avoiding hefty fines. Renowned for their innovative designs, the manufacturers are presenting various cost-effective EV options while facing challenges from a market increasingly dominated by cheaper Chinese alternatives.
Source: YAHOO