European Demand for Fully Electric Vehicles Slows in 1st Half of 2024, Industry Report Says
Published on July 23, 2024
European demand for fully electric vehicles has all but stalled, according to a new report from the European Union’s main lobbying and standards group for the automobile industry. Growth in Europe’s battery-electric car market jumped by 53.8 percent in the first half of 2023 from the same period the previous year, but in the first half of 2024, that previously feverish pace fell to a near-flat 1.3 percent, according to reports from the European Automobile Manufacturers Association (ECEA). This means that the 2024 year-to-date battery-electric car sales growth rate in the EU is a whopping 52.5 percentage points lower than in the same period last year....