Bank of America's Revised Outlook on European Electric Vehicle Sales

Monday, 8 April 2024, 14:23

Bank of America has adjusted its forecast for BEV sales in the 28 European Union countries to an 11% growth rate, down from the initial projection of 22%. This revision comes as a result of fading government subsidies for electric vehicles in the region. The decrease in expected sales indicates a significant impact on the electric vehicle market in Europe.
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Bank of America's Revised Outlook on European Electric Vehicle Sales

Bank of America Revises European Electric Vehicle Sales Forecast

BEV sales for the 28 European Union countries are expected to rise 11% this year, half of a previous forecast for 22% growth, says Bank of America.


This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.


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