January’s electric car sales pace in Western Europe slows to mere trickle - is scale back of cash-draining subsidies and cheap fuel to blame?
Strong growth in West Europe’s electric car market, which saw monthly sales increasing by between 24.8 and 71.8 per cent during the whole of last year, has slowed abruptly during the first month of this year.
Exclusive AID compiled figures show a pedestrian 16.9 per cent gain this January, suggesting that since the start of this year all the fizz in Europe’s electric car market appears to have dispersed.
January’s poor turnout is expected to spark electric car industry fears that the absence of new purchase incentives in key markets like Germany, and worse still, the gradual scaling back of existing sweeteners in some markets could conceivably take all the heat out of the market.
Ostensibly, the question foremost on the industry’s minds at present is whether January’s comparatively modest rate of electric car sales growth could become the new normal for this and next year.
AID attempts to shed light on the issue...more
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