EUROPEAN BEV SALES SLOW AS CUSTOMERS FAVOR CHEAPER HYBRIDS
July 27th, 2024
BEV sales are stalling in the European Union (EU). After growth in 2021 and 2022, sales figures (https://www.acea.auto/pc-registrations/new-car-registrations-3-in-may-2024-battery-electric-12-5-market-share/) released July 18 by the European Automobile Manufacturers’ Association (ACEA) for the year through May 2024 show BEVs taking 12.5% of the EU car market, a decrease from 13.8% the previous year. Meanwhile, cheaper hybrid-electrics sales grew from 25% to nearly 30% of the market.
Germany, the 27-country bloc’s largest BEV market, saw the most dramatic ...
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