Europe Growth To Slow, EV Profits Pressured. “2024 is all about the hard versus soft landing debate” Western Europe’s car sales growth will slow in 2024 to less than half the pace of this year, while profits, already weakening, will also be pressured by the first tranche of net zero carbon dioxide rules forcing manufacturers […]
Archive | Industry Analysis 2024
Honda Europe Faces Harch EV Reality Check
Honda Europe Faces Harch EV Reality Check. “Once the vehicle claimed 199 miles as the car was switched on, then quickly slashed it to 163 miles. Another time, 205 miles suddenly became 170, and 203/163” Honda faces an uphill struggle in Europe because of its slow electric- vehicle program, but it’s not alone. And it’s […]
China’s Electric Assault On Europe Hits Unexpected Ship Snag.
China’s Electric Assault On Europe Hits Unexpected Ship Snag. “get out of jail card” Forecasting electric car sales in Europe used to be easy. The only way was up, exponential, and China would win. Sales growth has recently slowed as manufacturers ran out of early adopters. The pace is expected to accelerate again after 2005 […]
Price Cuts, Choice Improvement Required To Boost EV Sales.
Price Cuts, Choice Improvement Required To Boost EV Sales. “automakers will either push EVs with lower prices or step away from long-range targets” The European market for electric cars needs price cuts and an improvement in product choices for sales to regain momentum next year. But longer term, electric car sales will require more than […]
Auto Makers Laud EU/UK Electric Battery Tariff Extension.
Auto Makers Laud EU/UK Electric Battery Tariff Extension. “leniency reflected the need to present a tough front to China” Europe’s automakers breathed a sigh of relief after the European Commission and the British government agreed in principle to a 3-year extension of so-called rules of origin for electric car batteries. The deal will be put […]