European Manufacturers Could Soon Suffer for Neglecting Lower-Priced EVs
Dec 5, 2022
When electric cars were introduced, the rich couldn’t wait any longer to drive the new cars, without even considering potential drawbacks. This attitude made it simple for the vehicles to penetrate the market in western Europe. However, manufacturers in Europe need to resolve the issues concerning price and driving distance in order to preserve this market. Otherwise, there appear to be far too many negative consequences.
Western Europe has already seen a decline in EV sales, which currently stand at 1.5 million units, or 14.5% of the market. Due to economic uncertainty and…
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