Hyperdrive
The EV Bust in Europe Is a Red Flag for Region’s Climate Goals
Carmakers push back on timing of emissions targets and combustion-engine ban with consumers skirting EVs as soon as incentives end
Slow demand for EVs sees the Il Faldo parking lot near Italy's port of Livorno fill up, on March 29.
Photographer: Francesco Peccioli/BloombergEurope’s falling electric-vehicle sales are painful proof the market isn’t ready to stand on its own, putting governments on notice for more support until affordable EVs become a reality.
The glut is clogging up ports and factories are cutting production — a red flag for the region’s climate goals and risk of more job cuts after Tesla Inc.’s mass layoffs this week.