The adoption rate is lower than expected. J.D. Power has lowered its expected market share of electric autos in the USA to 9%.
Automotive research institution J.D. Power said that due to the continued avoidance of electric vehicles by most car buyers, the market share of battery-powered models in the United States will only account for 9% this year, lower than the expected 12.4%.
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European car sales remained flat in July, with overall growth dragged down by weak demand for electric cars in Germany.
In July, auto sales in Europe were basically flat compared to the same period last year, due to the further weakening of demand for electric cars in Germany, the largest automotive market in the region.
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In July, the autos production in the United Kingdom decreased by 14.4% year on year, marking the fifth consecutive month of decline.
Industry data released on Thursday showed that car production in the United Kingdom declined for the fifth consecutive month in July, influenced by auto manufacturers shifting to new models and temporary interruptions in the supply chain. The Society of Motor Manufacturers and Traders (SMMT) in the United Kingdom reported a total production of 65,478 cars in July, a 14.4% decrease compared to the previous year. The production of new energy vehicles, including pure electric vehicles, plug-in hybrid vehicles, and hybrid vehicles, accounted for 37.5% of the total production, lower than the same period last year's 39.5%. Mike Hawes, CEO of SMMT, stated in a statement, "As the industry transitions towards zero-emission vehicle production...".