02 Jun 2026, 02:18:35 PM

Electric Vehicle Sales Slump: ACEA Warns of Major Setbacks in Europe’s Automotive Industry

Europe’s electric vehicle (EV) market is facing significant challenges, despite the environmental and technological benefits of EVs. The European Automobile Manufacturers’ Association (ACEA), representing 15 major European brands such as BMW, Ferrari, and Volkswagen, has raised concerns over a steep decline in EV sales, with unit sales down 8.4% this year. Hybrid sales have fallen […]