Cheap electric cars didn't help: EV sales collapse

Electric car sales have collapsed in fresh statistics. Not even the new low-cost models helped. At the same time, the slowdown of the EV segment has been observed for quite some time.

For example, in Germany (one of the most representative European car markets), sales of electric cars fell by almost 37% in a year. This is reported by Carscoops.

The electric vehicle sector, which has always been difficult to sustain, sputtered after financial incentives to buy EVs were removed. Once electric cars became unprofitable again, they stopped being bought - it's that simple.

It seems that buyers never managed to believe in electric cars. Today, manufacturers no longer believe in them either. One after another, companies are announcing that their promises to stop producing models with internal combustion engines in favor of EVs in the near future were too naive.

So far, European lawmakers have succeeded in convincing them of this. The ban on sales of new cars with internal combustion engines has been postponed, and strict environmental standards have been relaxed. In the end, the market is formed by buyers who are ready to pay for more affordable cars without being tied to charging stations.