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Automotive Industry: Current State of EV Sales: Difference between revisions
Automotive Industry: Current State of EV Sales (view source)
Revision as of 18:52, 4 October 2023
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== Developments == | == Developments == | ||
September 13, 2023: The European commission has started an anti-subsidy investigation into electric vehicles coming from China as European Union gets frightened over the ability of its automotive industry to compete. “Their price is kept artificially low by huge state subsidies. This is distorting our market,” European Commission President Ursula von der Leyen said. "This is distorting our market. And as we do not accept this distortion from the inside in our market, we do not accept this from the outside," She pointed out. "Europe is open to competition but not to a race to the bottom. We must defend ourselves against unfair practices," She said<ref>https://www.euronews.com/my-europe/2023/09/13/ursula-von-der-leyen-to-deliver-state-of-the-european-union-speech</ref>. | September 13, 2023: The European commission has started an anti-subsidy investigation into electric vehicles coming from China as European Union gets frightened over the ability of its automotive industry to compete. “Their price is kept artificially low by huge state subsidies. This is distorting our market,” European Commission President Ursula von der Leyen said. "This is distorting our market. And as we do not accept this distortion from the inside in our market, we do not accept this from the outside," She pointed out. "Europe is open to competition but not to a race to the bottom. We must defend ourselves against unfair practices," She said<ref>https://www.euronews.com/my-europe/2023/09/13/ursula-von-der-leyen-to-deliver-state-of-the-european-union-speech</ref>. | ||
== Sales Developments == | |||
== EV Outlook == | == EV Outlook == | ||
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* Electric car sales rose by around 160% and 54% year over year in 2021 and 2022, respectively. | * Electric car sales rose by around 160% and 54% year over year in 2021 and 2022, respectively. | ||
[[File:Electric car sales.png|thumb|680x680px|Source: IEA Global EV Outlook 2023]] | [[File:Electric car sales.png|thumb|680x680px|Source: IEA Global EV Outlook 2023|alt=|center]] | ||