Automakers

2023: A 'moment of truth' for EV sales?

Tesla Model Y 2023
Tesla has sharply cut prices on the Model Y, Europe's best-selling car overall, and other cars. That could have an effect on residual values for all EVs.
September 05, 2023 04:00 AM

Electric vehicle sales in Europe continued their meteoric rise in the first half of this year, up 45 percent over the same period in 2022 and reaching a market share of about 15 percent. After starting from a low single-digit EV share in 2019, the continent would appear to be well on its way to meeting a 2035 EU deadline to sell only zero-emission vehicles.

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