Renault Group Sales Zoom Ahead after European Performance Boost in 2024
Car manufacturing giant Renault Group has revealed an increase of 3.5% in European sales for 2024. which was an increase of 3.5% from the previous year. The group sold 1,599,051 cars in Europe with its popularity mainly boosted by new…
EV And PHEV Sales Surged 26% Globally In 2024, But The Party’s Over In Europe
Global sales of electric vehicles (EVs) and plug-in hybrid electric vehicles (PHEVs) surged in 2024, exceeding 17 million units, representing a substantial 25.6% jump compared to the previous year. December alone set a new milestone, with sales climbing to a…
EU Car Industry Must Speed up Electric Sales or Face Billions in Fines
The European car industry faces a pivotal year after tough EU CO2 emission standards came into force on 1 January, requiring a sharp increase in electric vehicle production to avoid hefty fines. With the imminent threat of fines amounting to…
A Large Increase in Sales of Electric Cars is Predicted in Europe
Experts from S&P Global Mobility (financial analysis and forecasting) predict that sales of electric vehicles will increase to 15.1 million units next year, which will make their market share reach 16.7 percent of global sales. cars. Although final figures for…
China’s Nio Says new Firefly EV to go on Sale in Europe in H1 2025
China’s Nio (NYSE:NIO) on Sunday said it would launch its new Firefly electric vehicle brand in Europe early in the first half of 2025, betting that it would help the company overcome European Union tariffs. William Li, Nio’s CEO, told…
European Market: Adjusting Electrification Plan Amid Slowing EV Sales
The European automobile industry has been accelerating their electrification activities to achieve carbon neutrality in 2050. National governments have introduced various incentive measures such as purchase subsidies and tax reductions to promote the use of electric vehicles (EVs). Sales of…
UK Launches Review of targets for sales of electric vehicles
Britain began a consultation on Tuesday to review rules that force automakers to produce more electric vehicles, following industry warnings that the current plan could lead to factory closures and job losses. The consultation will take views from the industry…
Tesla’s China-Made EV Sales Drop 4.3% in Nov
U.S. automaker Tesla’s’s sales of China-made electric vehicles fell 4.3% year-on-year to 78,856 in November, data from the China Passenger Car Association (CPCA) showed on Tuesday. Deliveries of China-made Model 3 and Model Y vehicles recorded a 15.5% increase from…
GM Has Sold Over 300,000 EVs In The U.S. In Less Than A Decade
Lately, General Motors is doing very well in the electric vehicle market. Despite a rough ride last year, with many production and factory delays, GM has learned a lot from its mistakes and is now the second-largest EV maker in…
Global EV Sales up 30.5 per cent in September
Global sales of fully electric and plug-in hybrid vehicles rose by an annual 30.5 per cent in September, as China surpassed its record numbers recorded in August and Europe resumed growth, market research firm Rho Motion said on Tuesday. Gains…
