European Carmakers Call for Urgent Action as EV Sales Crash

Battery electric vehicle (BEV) registrations in the European Union tumbled by 44% in August from a year earlier as all new car sales slumped by 18%, the European Automobile Manufacturers' Association, ACEA, said on Thursday, calling for urgent action to reverse this year’s trend of declining EV sales.

ACEA data showed that registrations of BEVs plunged by 43.9% to 92,627 units in August 2024, compared to 165,204 BEVs registered in the same month last year. The total market share of BEVs dipped to 14.4% from 21% a year earlier. “This…