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Analysts: enthusiasm for electric cars is growing faster than ice cream in summer

Deutschland Kurier reports on analysts’ estimates in the field of electric cars, which can bring very unpleasant winds to Europe and the rest of the world. Analysts warn of major problems with electric car demand that could drown many electric car-related companies.

Even in Germany, where there is both the offer of electric cars and the purchasing power, the demand for electric cars is falling. There is also a warning about the oversaturation of the electric car market, which only means that buyers will not be able to buy everything produced and delivered to Germany.

Analysts believe that the biggest problems may arise for those electric car manufacturers who have too widely abandoned the production of internal combustion engines, unable to compensate for the decline of electric cars with the sale of ordinary cars.

September data shows that sales of electric cars and plug-in hybrids in Germany fell by 35%. The VW Group has already had to lay off employees and reduce volumes at factories because it is impossible to sell the planned number of electric cars.

The US news is not more encouraging, Ford’s electric car business in the last quarter suffered a loss of 1.3 billion dollars, GM abandoned plans to sell 400,000 electric cars by the middle of next year. Mercedes dealers in the US also have full warehouses with electric cars, the S-Class electric car is said to be very difficult to sell. The car rental company Hertz has even reduced the planned purchases of electric cars, which will cut an even deeper hole in the electric car market.

2023-11-19 11:00:00
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