Europe's electric vehicle sales plunged nearly 44% in August, marking a significant downturn driven by declining demand, particularly affected by falling registrations in Germany.
The challenges facing Europe's EV market include a sudden withdrawal of subsidies, weak economic conditions, and a significant lack of affordable models, which impacts consumer choices.
The removal of car subsidies in Germany has created a consumer sentiment crisis, leaving auto manufacturers struggling to meet European Union regulations requiring zero-emission vehicles by 2035.
As Europe's EV market shrinks, experts warn of broader implications for the industry, especially as key manufacturers like Northvolt announce layoffs and a focus shift.
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