Electric cars in the EU not only slow down, they’re hitting reverse
After years of steady growth and optimistic forecasts of a breakthrough, EV sales took a downturn.
This edition of The Mobility Week in Review explores the setbacks for electric cars in the EU, Volkswagen’s evolving plans with Rivian, the ongoing challenges for Northvolt, the debut of autonomous vehicles in Switzerland, and the extended lifespan of Korean Air’s A380.
Let’s dive in!
📉 EU shifts focus away from electric cars in a year to forget
2024 will be remembered as the year the EU’s electric car dream lost momentum. After years of steady growth and optimistic forecasts of a breakthrough, sales took a downturn. Specifically, 1.447.934 electric vehicles were sold, 90.000 fewer than in 2023, a decline of nearly 6% year-over-year. The setback doesn’t stop there. Electric vehicles also saw a drop in their overall market share. In 2023, EVs accounted for 14,6% of total vehicle sales, but by 2024, that figure had slipped to 13,6%, underscoring the challenges facing the industry.