They expect a good jump in electric car sales in Europe
It looks like the cost of EV's will drop in Europe for 2025 as more models in the under Euro 25K range hit the market because of the new pollution regs. Should be interesting. There are also concerns that reducing the fleet emmision requirements will help China advance on the EV front even more.
"Affordable new electric family cars – particularly those that are EU-made – have been tough to come by in Europe for the past few years. There were no launches of homegrown electric models for less than €25,000 (£20,740) across the EU during 2022 and 2023, according to the campaign group Transport & Environment.
Yet in the past few months that has changed, with a rush of new cars ranging from the Fiat Grande Panda to the Citroën ë-C3, the Hyundai Inster to the latest Dacia Spring and the Renault 5. Suddenly, buyers have options.
That is no coincidence. Stricter EU carbon emissions targets kick in on 1 January, meaning carmakers will have to sell more electric cars or face fines. New battle lines are being drawn: the industry wants the rules relaxed, while environmental campaigners are urging the EU to hold firm."
https://www.theguardian.com/business/2024/dec/31/can-flood-of-cheap-new-evs-coming-to-europe-save-european-carmakers?utm_term=67737dd71fa3b888eed35cc12628b61a&utm_campaign=GuardianTodayUK&utm_source=esp&utm_medium=Email&CMP=GTUK_email
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