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Tesla Motors this year, China’s leading electric car dealer, has shipped more than 50,000 games to date, but in Europe, Californian company’s electric car records fell 76% in July, while local government subsidies boosted competition.
“The increased demand for electric vehicles [in Europe] is strongly connected to a wider source that, however, includes more affordable options.The rise of festivals between brands is also lowering prices,” said Felipe Muñoz, global analyst in the automotive industry.JATO Dynamics analysts.
According to the latest JATO report, demand for electric cars increased 131% in Europe during the month of July to the same time last year, reaching a record high. Hybrid motor cars (HEVs) saw the largest increase in call, with an annual development of 89%, while all-electric cars accounted for 18% of new energy vehicle (NEV) registrations, a broad category that It includes fully electric cars in and battery electric cars, in addition to hydrogen cars.
Tesla registered only 1050 new listings in the month, and the fall in the call was partly due to production unrest at Tesla’s main plant in Fremont, California, found in Europe.
Meanwhile, sales of electric vehicle giants in China are now largely backed up through its Gigafactory in Shanghai, which explains how Tesla has gained an advantage in China while wasting flooring in the EU.expanding in Europe.
According to JATO, 38 NEV models are now available, compared to just 28 last year, thanks to donations from legacy brands such as Peugeot, Skoda and Mini.Meanwhile, government subsidies have been reduced to help OEMs during the pandemic and help manufacturers meet the new emission criteria.local production costs.
Matthias Schmidt, an independent automotive analyst in Berlin, says NEV records in Western Europe, a region covering 18 countries, have surpassed records in China so far this year.Europe recorded more than 500,000 new registrations in the first seven months, while China recorded only 486,000.
However, despite the strong expansion in electric vehicle registrations, overall passenger vehicle sales remain low in Europe, falling by 35% in the first seven months compared to the same time in 2019.However, the slowdown appears to be slowing, with sales falling by only 4% in July, the smallest decrease per month to date.
Muñoz warns that the unpredictable pandemic continues to pose a threat to long-term car sales, but, with ambitious optimism, he adds that “if the current scenario continues to improve, we may begin to talk about a ‘V’ recovery” in the European automotive industry..”
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This story was originally featured in Fortune.com