2023-11-13 16:51:40
Demand for electric vehicles in Europe has decreased – consumers are waiting for more accessible and cheaper models. About it writes Reuters.
Sales of electric cars in Europe grew by 47% in the first nine months of this year, with Tesla, Volkswagen and Mercedes-Benz giving a “dismal” assessment of the statistics. For example, orders for Volkswagen electric vehicles have fallen by half compared to last year.
As the agency notes, this may be due to high interest rates, which is likely to discourage customers. In the UK, new electric cars are still on average 33% more expensive than fuel-powered models, according to AutoTrader.
Most of the new models available to consumers may not appear until 2025. By this time, the agency notes, they will have to compete with the expanded Chinese line from BYD and Nio.
In early November, Reuters reported that Tesla plans to launch production of more affordable electric vehicles in Germany. The cost of one electric car will be about 25,000 euros (more than 2.4 million rubles).
On October 4, the European Union launched an anti-subsidy investigation into Chinese electric vehicles. According to the notice published in the EU’s official journal, it will concern new battery-powered vehicles (BEVs) and the subsidies that the Chinese state may have provided to their manufacturers.
European Commission President Ursula von der Leyen said in mid-September that the price of Chinese electric vehicles, in her version, is “artificially kept low by huge government subsidies,” which distorts the European market. As the media clarified, the EU’s attention will be paid not only to Chinese brands, but also to other electric vehicles produced in China, including Tesla.
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