Chinese Battery Makers Slam Brakes on German Expansion as EV Sales Stall oilprice.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilprice.com Daily Mail and Mail on Sunday newspapers.
The EU and U.K. plan to ban new ICE vehicles in favor of EVs, but the move is stumbling and some experts believe the rules should be watered down in favor of hybrids.
European EV sales are stalling and need to accelerate if massive EU targets are to be met. Cheaper vehicles are a must. Germany’s axing of subsidies won’t help.
If Europe doesn t make mass-market EVs soon, tough EV quotas may be missed and the field will be open to Chinese battery-powered vehicles. Could the EU relax quotas?