TECH - European EV Market Seen Rebounding In 2025 As Carmakers Introduce Affordable Models To Meet Stricter Emission Rules | Benzinga
The European electric vehicle market, which has been experiencing a slump, is expected to see a turnaround in 2025. This is due to the introduction of more affordable EV models by carmakers to comply with stringent emission regulations.
What Happened: The Transport & Environment lobby predicts a surge in EV sales in Europe from 2025. This is attributed to car manufacturers’ plans to launch more cost-effective EV models to meet the increasingly strict emissions standards set by the European Union.
The current preference for combustion-engine vehicles and high-margin EVs has led to a slowdown in EV sales. However, carmakers are holding back more affordable models until the new EU CO2 limits come into effect next year.
Lucien Mathieu, the cars director at Transport & Environment, noted that “Europe's clean car rules ...