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8 February 13:52

Car companies are cutting investment in electric cars, expecting an increase in demand. Electric car sales fell in December 2023.

Emese Grancsa

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Economy

Photo by Bram Van Oost on Unsplash

Profitability concerns have driven Tesla shares down, influencing other car companies' decisions. However, sales of electric cars saw substantial growth in 2023, reaching a global volume of more than 1.5 million units. Incumbent manufacturers face difficulties in justifying investment in electric cars amid still modest demand.

Sources

Interesul pentru mașini electrice scade din cauza prețurilor mari și a lipsei stațiilor de încărcare

ȘTIRI PE ACELEAȘI SUBIECTE

International

Global sales of electric and plug-in hybrid vehicles increased by 23% in October, with strong demand in Europe and China, but decreased by 41% in North America.

International

Tesla sales dropped significantly in October in Europe, with a plunge of up to 89% in some countries amid increased competition, but also due to affiliation with Republicans.

Economy

Tesla reported a 37% decrease in net profit in the third quarter, down to $1.37 billion, as a result of increased operating expenses and fees.

International

BYD intends to sell between 1.5 and 1.6 million electric vehicles outside of China next year, due to the launch of new models.

International

Volkswagen (VW) has announced that it will build more electric cars in China, reducing production costs by up to 50% compared to other regions.

Economy

The car market in Romania is experiencing significant growth, with electric car sales increasing by 80% in the autumn of 2025.

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electric cars investments Sales concerns application Tesla drop drop

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