article thumbnail

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

Baua Electric

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. It forecasts the global market to grow by 2% to 77.4 For comparison, the US produced 1.1

Market 52
article thumbnail

KPMG study identifies 10 sustainability “megaforces” with accelerating impacts on business; imperative of sustainability changing the automotive business radically

Green Car Congress

Environmental costs are often not shown on financial statements because the bearers of such costs can be either particular individuals or society at large, are often both non-monetary and problematic to quantify for comparison with monetary values. —“Expect the Unexpected: Building Business Value in a Changing World”.

article thumbnail

Siemens presents three-point plan for implementing cost-efficient energy transition in Germany

Green Car Congress

Electricity prices in comparison. High electricity rates are burdening private households and industry alike and threatening Germany’s competitiveness, the company noted. Euro cents/kWh. Source: Siemens. Click to enlarge. The Three-Point Plan is based on Siemens’ analysis of the status quo relating to the energy transition.

Germany 239