Electric vehicle sales in Europe are projected to rise significantly in 2025, fueled by a recovery in Germany, but achieving the EU's 2030 target for electric vehicle market share appears highly challenging. Forecasts suggest a major policy shift is necessary to meet the 2030 goals.
Electric vehicle sales in Europe will accelerate out of the doldrums in 2025 mainly thanks to a recovery in Germany, but European Union-mandated targets for 2030 look hopelessly optimistic.
Despite the fall last year, this forecast for Germany looks brave given the election scheduled for next month. Because of proportional representation the election is unlikely to produce a clear result, and negotiations over who governs could last months. It would take a new government to restore subsidies for EV purchases., car manufacturers in the EU will be experiencing sleepless nights in 2025 as long-anticipated emissions targets come into effect.
This talk of big losses infuriated green lobby group Transport & Environment which said these claims are based on “flawed” arguments because the manufacturers have many new cheaper EVs about to hit the market. “Alongside the emissions targets, many car manufacturers are set to launch new smaller and cheaper EV models to boost uptake cornering the sub €25,000 market. However, car manufacturers are still predicted to miss this year’s EU targets in quite some way and could face up to €10 billion in fines between them,” Rho Motion said in a report.“Manufacturers are now releasing new EVs and lower prices are stimulating new orders, reflected by Volkswagen’s latest offer of its VW ID.
ELECTRIC VEHICLES EU REGULATIONS GERMANY MARKET SALES FORECASTS AUTOMOTIVE INDUSTRY
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