A new study has warned that Germany’s car industry could lose nearly 190,000 jobs as manufacturers shift towards electric vehicles.
Reeves urged to increase taxes on petrol cars to encourage electric vehicle adoption
According to a report from the Resolution Foundation, an economic think tank, ministers should consider increasing taxes on petrol and diesel vehicles to help lower the “premium” on electric vehicle
Demand for electric cars falls to lowest level in four years
Only 13% of drivers intend to purchase electric vehicles, marking a challenge for Labour’s net zero goals.
Electric vehicles are being sold at unprecedented discounts due to a significant drop in demand.
Nearly 80% of new electric vehicles (EVs) were sold at discounted prices last month as the industry faced a decline in consumer demand, according to Auto Trader data. This marked
Demand for Electric Cars Declines Throughout Europe
Electric car sales across Europe plummeted last month, with demand weakening despite the EU’s efforts to phase out petrol and diesel vehicles by the mid-2030s.
Sales of Volkswagen’s electric cars decrease while Europe shifts back to petrol vehicles.
European sales of Volkswagen electric vehicles have declined by nearly 25% as interest in battery-powered cars slows and consumers increasingly opt for petrol vehicles.
Interest in Electric Vehicles Declines as Consumers Return to petrol Cars
The demand for electric vehicles (EVs) has seen a notable decrease, indicating a shift among consumers back to gasoline cars.
Prices of used electric cars fall due to an influx of cheap Chinese rivals
The market value of pre-owned electric vehicles has seen a significant decline since the beginning of the year, influenced by a large influx of inexpensive new models from Chinese producers
Sales of Electric Cars to Drivers Decline by Nearly 20%
The purchase of electric vehicles (EVs) by regular drivers has seen a significant decrease of nearly 20% this year. This downturn has led to calls for Chancellor Jeremy Hunt to
Toyota claims that electric cars will never become the dominant force in the market.
The chairman of Toyota, Akio Toyoda, has predicted that battery-powered electric vehicles will only capture 30% of the global market share.