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.
BERLIN/LONDON : 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 road.Fully-electric sales in Europe were up 47 per cent in the first nine months of 2023, but instead of cele
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 two to three years down the road.
Electric Car Demand: 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. High interest rates and a subdued market are putting customers off, they warned, with Volkswagen s EV order intake half what it was last year.