Electric car sales in Europe are stagnating in Europe. Yes
Based on T&E data Chinese manufacturers are beginning to gain a “firm” foothold in the European market, accounting for 5% of all electric vehicles sold so far this year.
The organization Transport & Environment (T&E) has warned that sales of electric cars in Europe have “stagnated” and has considered that if the European Union (EU) wants to
stay competitive of its auto industry needs to “align” its support policies in China and the United States (US) with electric vehicles.
“European car manufacturers
they slammed their offer of electric cars at a time when Chinese and American automakers are rapidly bringing new models to market,” said T&E Director Julia Poliscanova.
“If Europe wants to keep its car industry competitive, the EU must introduce
a strong proprietary industrial policy to match strong Chinese and US support for electric vehicles. The continent’s climate and orbits are at stake,” he added.
In addition, trends indicate that Chinese manufacturers could have a relative weight of between 9% and 18% in the electric battery market by 2025.
In this sense, the organization has emphasized that if EU car manufacturers do not increase
the supply of batteries “Foreign companies could capture most of the mass market in Europe.”
T&E has also emphasized that the percentage of
Electric car sales in Europe fell to 11% in the first half of 2022, compared to 13% in the first six months of last year.
Growing sales of electric vehicles in the United States and China suggest that a lack of regulatory incentives, not a supply chain crisis, is the main driver of Europe’s sluggish electrification efforts.
So it has influenced
electric car registrations in China they accounted for nearly 18% of the new car market in the first half of 2022, while the US electric vehicle share grew by 50%.
Over the same period, the share of electric cars in Europe fell by two percentage points and Europeans faced “unbearably long” wait times for electric models, the study said.
In this context, T&E has advocated that governments
confirm a 100% CO2 reduction of all new cars by 2035, as proposed by the European Commission and approved by the European Parliament and EU environment ministers, the organization has emphasized.
It has also urged to oppose any exemption or credit for synthetic fuels, to electrify all new commercial vehicle sales by 2030, and to use EU funds and national measures.
to speed up production of electric cars above the minimum targets.
Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
