European EV sales slow -Lithium - Ion Battery Equipment

Electric vehicle sales slow in Europe in first half -Lithium - Ion Battery Equipment



Ernst & Young Consulting said on the 17th that sales of electric vehicles in Europe rose by 33% in the first half of this year, compared with a 54% increase in the same period last year. Strong demand in Germany, the EU's largest car market, was not enough to offset a sluggish rise in sales in Britain, the second-largest car market.

BMW7 Series Plug-in Hybrid

Sales of electric and plug-in hybrid vehicles slowed in key EU markets in the first half of this year due to issues such as limited range and uneven distribution of charging networks, it was reported on July 17.

Ernst & Young Consulting said on the 17th that sales of electric vehicles in Europe rose by 33% in the first half of this year, compared with a 54% increase in the same period last year. Strong demand in Germany, the EU's largest car market, was not enough to offset a sluggish rise in sales in Britain, the second-largest car market. "Electric vehicles are still a niche product, charging infrastructure is still inadequate and the range of current models has yet to be improved," Ernst & Young partner Peter Fuss said in a statement.(Lithium - Ion Battery Equipment)

European carmakers are under pressure to meet tough new EU rules on reducing carbon dioxide emissions from cars, which will be phased in in 2020.

Consumers are taking a wait-and-see attitude toward electric vehicles, preferring gasoline-powered ones over diesels, raising risks for automakers such as Mercedes-Benz parent Daimler and Fiat Chrysler Automobiles. Carmakers face steep fines if they exceed the new emissions cap. Diesel cars emit 1/5 less carbon dioxide than equivalent gasoline cars.

Demand for diesel cars in the EU's biggest car market fell sharply in the first half of the year as consumers worried about a ban on urban driving three years after Volkswagen Group's "emissions gate" scandal. Meanwhile, gasoline vehicle sales rose 16 percent.

Automakers including BMW, Daimler and Volkswagen will introduce a range of new electric vehicles in the coming years, such as the BMW iX3 SUV and the Volkswagen I.D. electric vehicle range.

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