Europe's car industry is experiencing significant pressure as sales of electric vehicles plummet, prompting calls to relax EU emissions targets that threaten multibillion-euro fines for manufacturers.
Italy's Prime Minister, Giorgia Meloni, criticized the EU's self-destructive policies regarding electric production transition while emphasizing the need for policy changes to support the car industry.
ACEA reports a drastic decline in car sales, with the EU market down to 643,000 in August, reflecting a broader trend exacerbated by economic difficulties and shifting consumer preferences.
Analysts suggest that the automotive industry's struggles stem not only from external consumer demand but also from insufficient early investment in electric vehicle production and inaccurate pricing strategies.
#electric-vehicles #eu-emissions-targets #car-industry #automobile-manufacturers #economic-challenges
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