Electric car sales overtake petrol in Europe for the first time [Yahoo! Finance]
BYD CO LTD UNSP/ADR (BYDDY)
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Source: Yahoo! Finance
A total of 217,900 electric cars were sold across the European Union (EU) in December, compared to 216,500 petrol cars, according to the European Automobile Manufacturers' Association (ACEA). That represented market shares of 22.6pc and 22.5pc respectively. Electric car sales were up 51pc compared to December last year, with petrol sales down 19.2pc, according to the figures. It comes despite recent moves by the trading bloc to water down emissions rules that would have mandated higher EV sales in the 2030s, amid fears the regulations threaten to crush domestic German and French automotive manufacturers. Carmakers are also facing intense competition from Chinese rivals and the continued imposition of tariffs by the US on cars they ship across the Atlantic. The ACEA figures showed Chinese brands continued to make substantial gains in the European market last year, with BYD more than doubling its December sales alone to 18,000. However, on an annual basis EVs remained behind
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