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(What a difference a year — and subsidies — makes. A year ago, we were celebrating a record month and 25% BEV share. Now … not so much.)
While the overall automotive market had a positive year (+14%), December saw it falling — it was down 4% compared to December ’23 — which was its first drop in 16 months. This was influenced by the German market, which fell a significant 23% in December, no doubt influenced by the economic clouds on the horizon and the chaotic EV subsidies cut in the middle of the month.
Twelve months ago, we were celebrating a record month, which had been influenced by EV subsidies cuts in a number of countries. This time, it is the other way around — Europe’s passenger plugin electric car market had a historic drop in December, with its 294,200…
Read the full article originally published at cleantechnica.com.