The electric vehicle maker relies on China not only as a supplier but also as a market, selling about 40 percent of its new cars in the country. (Raul Ariano/Bloomberg News) Warning: This graphic ...
was proving to be problematic as the share of electric vehicle (EV) sales in the UK had stalled below 18%. The rule for 2024 requires manufacturers to ensure that at least 22% of new cars sold are ...
The steep drop in electric cars’ value is being partly fuelled by the discounts offered on new vehicles, as manufacturers attempt to boost sales to hit legally-binding government targets.