European auto manufacturers saw a 2.6% decrease in car sales in May compared to the same period last year due to the high prices of electric car models deterring consumers. The European Automobile Manufacturers Association said on Thursday that new car registrations fell to 1.09 million vehicles last month. With declines in several major markets, electric vehicle sales fell 11% and their share of total sales also decreased. Citigroup analysts said in a report that the market's assumptions about electric cars were "too optimistic" and that investments need to be reduced. Some automakers have already begun to adjust their electric car targets, with Stellantis and Mercedes-Benz Group suspending the construction of two electric car battery factories in Germany and Italy. Volkswagen admitted last month that it will need more plug-in hybrid cars, while Mercedes plans to sell internal combustion engine cars for longer than anticipated.
欧洲汽车销量下滑 电动汽车高价成主要障碍
Auto sales in Europe are declining, with high prices for electric cars becoming the main obstacle.
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