​EV Demand In Germany Crashes 69% – Tyler Durden

EV Demand In Germany Crashes 69% Germany is sliding toward a recession, with the latest indicator flashing bright red. According to the European Automobile Manufacturers’ Association (ACEA), new August data show that the demand for electric vehicles crashed.  ACEA reported a 69% plunge in EV deliveries in Germany last month, with just over 27,000. Across the region, there was a 36% drop. Sliding demand comes after Germany slashed incentives, making EVs less affordable for the working class.   Bloomberg’s visual on the EV crash in Germany last month provides an ominous reality for the EV space and highlights troubles mounting for…  — Continue at ZeroHedge News : Read More