
Bayern Munich 2025/26 Season Preview: Challenges Ahead for Kompany's New-Look Side
Section: Arts
The global electric vehicle (EV) market is witnessing a significant resurgence, with sales in the first half of the year exceeding 5.9 million battery electric vehicles (BEVs), according to a recent analysis by PwC. This marks a remarkable 37% increase compared to the same period last year, a notable contrast to the overall growth of just 14% observed in 2024.
In Europe, the electric vehicle sector is also experiencing a renaissance, with 1.2 million BEVs sold in the first half of the year--a record for this time frame and a 25% increase. The rise in sales can be attributed in part to stricter CO2 fleet emissions regulations, which have placed additional pressure on manufacturers to adapt.
Despite this growth, Europe is losing ground as a key player in the electric vehicle market, primarily because other regions are expanding at a more rapid pace, especially China. The Chinese market alone has seen a staggering 47% increase in sales, reaching approximately 3.7 million BEVs.
PWC's analysis indicates that German car manufacturers are not reaping the benefits of this explosive growth. In fact, BEV sales by German manufacturers in China dropped by 32% in the first half of the year compared to the same period in 2024. However, they have seen improvements in the European market.
The United States, which ranks third in global electric vehicle markets behind China and Europe, recorded 592,000 new registrations, reflecting a modest growth of 7%.
When examining individual European countries, Germany has regained its position as the third-largest market for electric vehicles globally, with 249,000 BEVs sold. The United Kingdom, previously ahead, now ranks fourth with 225,000 sales.
Despite the positive trends in Europe, questions remain regarding the future direction of German automakers. Industry experts, including Felix Kuhnert from PwC, emphasize the uncertainty surrounding the transformation of the automotive sector. As stakeholders push for a transition to emission-free driving, the market is also demanding profitable business models following initial investments in electric mobility.
Moreover, potential risks arise from heavy reliance on Asian supply chains for critical components. Jörn Neuhausen from PwC's Strategy& consultancy warns that materials such as rare earth elements and lithium, essential for electric vehicles, could become a strategic vulnerability for Europe. He urges collaboration between European governments and the automotive industry to establish a proactive raw material strategy. Developing local supply chains and diversifying sourcing options are crucial steps to minimize dependencies and secure long-term demand.
Section: Arts
Section: Arts
Section: News
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Section: Arts
Section: Arts
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Section: Business
Section: Arts
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