EV sales in Europe hit a speed bump — and the US should be worried too

Europe is facing plunging sales of electric vehicles — and the continent's struggles are a warning sign for the US.

Registrations fell by nearly 44% in August compared with the same month last year, according to the European Automobile Manufacturers' Association. The slump was driven by a 69% decline in Germany, Europe's biggest car market and economy.

The cooling demand has led to questions over whether European automakers can meet the European Union's ambitious climate goals, which require all new cars to be zero-emission by 2035.

It's also put pressure on EV companies and their suppliers. One of Europe's key battery manufacturers, Northvolt, announced on Monday it will lay off 1,600 employees and scale back its expansion plans to focus on existing customers.

https://www.msn.com/en-us/money/markets/ev-sales-in-europe-hit-a-speed-bump-and-the-us-should-be-worried-too/ar-AA1rf4JU

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@6svn+1uIYwyNI

Sounds like they're fixing a mistake.

@5lro+1uIYwyNI
"MB canned the bolt which was a great competitor."
How do you work at GM and not know that Kansas was retooling for the Bolt EV in 2025?
Before you criticize, at least know what you are talking about.

Well demand is up at least it’s looking like it based on Q3 projections.

Oh and wait for the $25k model 2. MB canned the bolt which was a great competitor. Way to lead MB

Total electric is not the way of the future. Wake up and smell the s**t. Mary has lost her mind

@1dxx+1uIYwyNI
"The solution is to open up imports from China."

Shen Yang! How have you been? I read about the desperate trillions the CCP is printing to stimulate your dying economy. How do you think global war or a U.S. port strike will affect TEMU & Tencent sales? I hope you stocked up on rice.

Like Europe, few affordable EV models are on sale in the US, which experts have suggested has contributed to a slowdown in demand in recent months.

Dylan Khoo, an analyst at technology intelligence firm ABI Research, told BI: "There are only a handful of models that you could really say are mass market, and even those are quite a bit more expensive than their gasoline counterparts."

So the problem is EV cars are too expensive, not that consumers don't like them.

The solution is to open up imports from China.

BYDs seem pretty nice.

Thread regarding General Motors layoffs

EV sales in Europe hit a speed bump — and the US should be worried too

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