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flag European carmakers raise petrol car prices and offer EV discounts to meet new EU emissions rules.

flag European carmakers are increasing petrol car prices and offering discounts on electric vehicles (EVs) to meet new EU emissions rules set to begin in January. flag The rules aim to significantly lower carbon dioxide emissions, requiring at least one-fifth of car sales to be EVs to avoid hefty fines. flag Currently, only 13% of vehicles sold in Europe are electric. flag This shift poses challenges for the industry, including higher production costs and declining EV subsidies, while also impacting market growth and industry profits.

4 months ago
22 Articles