EV sales in Europe fall 44% amid slowdown in key markets, ACEA calls for ‘urgent’ response

New car sales in the EU have hit a three-year low, with an 18.3% drop in August 2024. Electric vehicle sales plunged 43.9%, significantly affecting the market. Germany and France saw the steepest declines. The ACEA calls for urgent EU intervention to stabilize the EV market ahead of upcoming CO2 emission targets.