Transportation
European Car Sales Stagnate as EV Demand Plummets in Germany
- Carmakers slow transition to electric vehicles amid slowdown
- More consumers opt for hybrids as plug-in cost still high
This article is for subscribers only.
Auto sales in Europe were roughly flat in July as demand for electric vehicles weakened further in Germany, the region’s biggest car market.
New-car registrations ticked up just 0.4% compared to a year ago to 1.03 million units last month, the European Automobile Manufacturers’ Association said Thursday. Plug-in vehicles made up a smaller part of overall sales, as more consumers opted for less expensive hybrid cars.