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Europe’s biggest EV market is about to hit a perfect storm of problems

Baua Electric

Germany is Europe’s biggest auto market, and it’s been one of the main drivers of EV growth. Germany’s VDA, an interest group for the country’s automobile industry, says that battery-powered vehicles are likely to see a decline from 524,000 units last year – more than any other European market – to 451,000 units this year.

Market 52
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Tesla Overtakes BMW In 2021 US Luxury Car Sales

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World leader in electric vehicles Tesla has been steadily increasing its market capitalization for several years. Musk’s manufacturer may be credited with hastening the adoption of electric automobiles with the Model S and succeeding models. BMW, located in Munich, sold 336,644 vehicles over the same time period.

BMW 52
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SGL Group and BMW Group Establish Carbon Fiber-Joint Venture; BMW Will Use Output in the Megacity Vehicle

Green Car Congress

SGL Group and BMW Group have formed a 51:49 joint venture to manufacture carbon fibers and fabrics for the automotive industry. This joint venture with the BMW Group is a milestone for the use of carbon fibers on an industrial scale in the automobile industry.

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New milestone in 2023: What drove India to record over 41 lakh car sales

Baua Electric

(REUTERS) The just concluded year 2023 was a cheerful one for the Indian auto industry, as the car manufacturers in the country breached the four million mark for the first time. The Indian passenger vehicle market, valued at ₹ 4.5 The Indian passenger vehicle market, valued at ₹ 4.5

India 52
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EU reaches compromise on 2035 new ICE vehicle ban

Teslarati

However, smaller manufacturers will receive an undisclosed extension to stop selling ICE vehicles. However, the carbon credit market that will regulate the emission of heating and road transport fuel will be delayed for an unknown amount of time. The carbon market will be reformed with multiple changes.

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H2 Mobility initiative agrees on $474M plan for hydrogen refueling network in Germany; 400 stations by 2023

Green Car Congress

This would ensure a need-related supply for fuel cell powered electric vehicles to be introduced into the market in the next years, the partners said. The launch of fuel cell powered production vehicles on the German market has been announced by first manufacturers for 2015. Hydrogen is the most common element in the Universe.

Germany 294
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European Auto Industry Expresses Concern Over Iron Ore Price Hikes

Green Car Congress

The European automobile industry expressed concern about the “ sudden and massive ” increase in the price of iron ore, a crucial material for producing steel. The automobile industry needs broad access to raw materials at competitive conditions, especially in times of fragile economic circumstances, ACEA said.