European Ban On New ICE Vehicle Sales In 2035 Stumbles, But Has It Crashed? “The FDP’s cry for e-fuels is about domestic political point scoring after a series of election defeats” The European Union agreed to end the sale of new internal combustion engine (ICE) cars and SUVs by 2035, and formal approval was scheduled […]
Tag Archives | European
European Auto Sales Likely To Advance In 2023, But At Expense Of Profits
European Auto Sales Likely To Advance In 2023, But At Expense Of Profits. “At some point, possibly later this, though unlikely sooner than that, rising supply should meet falling demand,” Europe’s automakers pleased investors with strong profit reports for 2022 but they will be raising eyebrows as some experts see deteriorating earnings prospects for the […]
Fierce Competition In Europe While Electric Car Sales Growth Plateaus
Fierce Competition In Europe While Electric Car Sales Growth Plateaus. BEV mix isn’t expected to see major inroads until 2025 when the next (EU mandated) CO2 cut enters into force. Cut-throat competition will return to Europe’s car market this year as sales turn positive, while electric sales will pause for breath. The emergence of a […]
Europe’s Electric Revolution Is Underway, But Doubters See Problems.
Europe’s Electric Revolution Is Underway, But Doubters See Problems. “The ICE ban is insane, it will not contribute to reducing greenhouse gas (GHG) emissions and will have a dramatic negative impact on the EU economy” The European Union has decided that by 2035 the sale of new internal combustion engines (ICE) will be banned, and […]
Recession Threatens Europe’s Autos Although Hopes For A Mild Downturn Revive.
Recession Threatens Europe’s Autos Although Hopes For A Mild Downturn Revive. “The recession expected to hit Germany this winter will be milder than previously anticipated, with economic output shrinking by only 0.1% in 2023,” Who’d invest in European automotive manufacturers? It’s not exactly a compelling case to say the best they can hope for is […]
Carmakers Brace For Onslaught, While VW Volume Brands Could Lose Money
Carmakers Brace For Onslaught, While VW Volume Brands Could Lose Money. “However, even with some improvement assumed next year, the market will remain far below what was considered normal operating volume pre-pandemic” Europe’s big carmakers have already written off 2022 as a down year for volumes, despite most of them posting increased profits, but analysts […]
Europeans, Priced Out Of Mainstream Electric Cars, Will Shun The Unsafe
Europeans, Priced Out Of Mainstream Electric Cars, Will Shun The Unsafe. “They are neither a proper car, safer and versatile, nor a scooter, which is easier to drive and park” I have good news and bad news for Europeans eager to join the electric car revolution, but who can’t afford the huge prices. The good […]
European Auto Industry Faces Falling Sales, But Bigger Hit To Profits.
European Auto Industry Faces Falling Sales, But Bigger Hit To Profits. “Markets are trying to fight off the expected downturn. With global inflation running higher than economists would prefer, slower sales have raised the specter of a recession. European auto manufacturers face a big hit to their businesses as recession looms and inflation eats away […]
European Electric Car Sales Expected To Ride Out The Storm Before Accelerating
European Electric Car Sales Expected To Ride Out The Storm Before Accelerating. “The BEV mix isn’t expected to see any further inroads until 2025 with the next CO2 cut when we expect a 5.5 percentage point increase over 2022 levels to 20%” The coming economic slowdown will temporarily tame the mighty European electric car sales […]
European Auto Makers Face Profit Hit, While Industry Seeks China Import Action
European Auto Makers Face Profit Hit, While Industry Seeks China Import Action. “We lowered our global production outlook to zero growth in 2023, despite improving chip supply. Demand destruction no longer seems to be a vague risk, but has started” The European car market is about to fall off a cliff as the recession kicks […]