European Automakers Urge EU to Ease Emissions Targets Amid Plummeting EV Sales

Industry leaders warn of potential multi-billion euro fines and production cuts as electric vehicle demand declines sharply.

The European Automobile Manufacturers Association (ACEA) reports a 43.9% drop in EV registrations in August, marking the fourth consecutive month of decline.
Germany and France, the EU's largest car markets, saw EV sales plummet by 69% and 33% respectively.
Automakers like Volkswagen, BMW, and Renault are pushing for a delay in the 2025 CO2 emissions targets to avoid severe fines and production halts.
Chinese EV makers, despite new EU tariffs, continue to pose a significant competitive threat with lower-priced models.
The ACEA calls for urgent measures to boost EV infrastructure, green energy availability, and raw material supply to meet upcoming emissions targets.