Rolling coverage of the latest economic and financial news
Elsewhere in the auto industry this morning, new data shows that Britain’s car production grew for the second month in a row in July.
Car production rose 5.6% in July from last year to 69,127 units, the Society of Motor Manufacturers and Traders (SMMT) reported.
“Battery-electric vehicles still account for just 15.6% of the EU car market. Not only is this well below the level where it needs to be at this point in the transition the share in unevenly distributed across member states.
To accelerate uptake, Europe must continue to expand public recharging infrastructure, secure lower recharging prices, and ensure well-coordinated purchase incentives schemes. The market data demonstrates why a technology-neutral approach must drive this transition.
Continue reading…Rolling coverage of the latest economic and financial newsElsewhere in the auto industry this morning, new data shows that Britain’s car production grew for the second month in a row in July.Car production rose 5.6% in July from last year to 69,127 units, the Society of Motor Manufacturers and Traders (SMMT) reported.“Battery-electric vehicles still account for just 15.6% of the EU car market. Not only is this well below the level where it needs to be at this point in the transition the share in unevenly distributed across member states.To accelerate uptake, Europe must continue to expand public recharging infrastructure, secure lower recharging prices, and ensure well-coordinated purchase incentives schemes. The market data demonstrates why a technology-neutral approach must drive this transition. Continue reading…
