European electric car market suffers 'devastating' collapse after tax breaks scrapped

By Yahoo! Finance   |   1 day ago
European electric car market suffers 'devastating' collapse after tax breaks scrapped

Electric vehicle (EV) sales in Europe declined by 3% in 2024, mainly due to falling sales in Germany following the withdrawal of government tax breaks. In contrast, China saw a 40% surge in EV sales, while North America experienced a 9% increase.

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