Fully-electric sales in Europe were up 47% in the first nine months of 2023, but instead of celebrating, automakers including Tesla, Volkswagen and Mercedes-Benz sounded a sombre note.
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Despite years of rapid growth, the electric car market in Europe seems to be experiencing a slowdown as drivers hold off on purchases, anticipating the arrival of better and more affordable models in the next two to three years. While fully-electric sales in Europe recorded a 47% increase in the first nine months of 2023, major automakers, including Tesla, Volkswagen, and Mercedes-Benz, are striking a more cautious tone instead of celebrating the apparent success.
After years of
accelerating growth, Europe s electric car sales appear to be
entering a go-slow zone as drivers wait for better, cheaper
models that are two to three years down the.