Hyperdrive
Europe Car Sales Jump 21% as EVs Help Extend Growth Streak
- Manufacturers seize on pent-up demand, improving parts supply
- Brussels has started probing China’s electric-car subsidies
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Auto sales climbed for the 13th consecutive month in Europe, with electric vehicles driving growth before becoming the latest focal point of global trade tensions.
New-car registrations rose 21% to 904,509 units in August, the European Automobile Manufacturers’ Association said Wednesday. Sales of EVs doubled ahead of the European Commission opening an anti-subsidy investigation into Chinese electric cars this month.