EU electric car sales drop in May as German demand slumps, industry says

  • 📰 Investingcom
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 53%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

EU electric car sales drop in May as German demand slumps, industry says

- Sales of new battery-electric cars in the European Union dropped 12% in May from a year earlier, led by a 30% plunge in Germany, data from Europe's auto industry body showed on Thursday.

Overall new car sales in the bloc fell by 3% in May from the same month in 2023, the second drop this year, and were down 2.6% in a wider region covering the EU, Britain and the European Free Trade Association , the ACEA said. To shield domestic automakers from an influx of cheap EV imports, the European Commission said last week it would impose provisional duties of up to 38.1% on China-made EVs starting July.) said last week it expected to increase the price of its China-made Model 3 when the EU measures come into effect. Elon Musk's company recorded a 34.2% drop in May sales in the EU.

Electrified vehicles - fully electric models, plug-in hybrids and full hybrids - accounted for 48.9% of all new EU passenger car registrations in May, up from 46.2% a year earlier.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 450. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German business sentiment stagnates in May, Ifo saysGerman business sentiment stagnates in May, Ifo says
Source: Investingcom - 🏆 450. / 53 Read more »

German IFO Business Climate Index eases to 89.3 in May vs. 90.3 expectedThe headline German IFO Business Climate Index arrived at 89.3 in May, a tad lower than the April figure of 89.4.
Source: FXStreetNews - 🏆 14. / 72 Read more »