Those numbers are impressive given 22 growth rates, EV's at 47% of all "passenger cars" registered in first 10 months and I'm assuming that "excludes" trucks, busses, etc.
The Euro 7 CO2 emissions standards come into force in 2025, the strictest standard yet. All new "vehicles" as trucks, busses, etc sold are also included from 2025. This means legacy OEM's have no choice but to build more EV's. However, if legacy OEM's play the game and only produce EV's so their overall fleet sales comply, they leave it wide open for the more advanced OEM's and pure EV manufacturers to take market share through ban of ICEV production in 2035 .
One would think the EU legacy OEM's will tool up for 2025 standards at some point in 2024 year. Therefore, I'm not sure why some groups are worried about sales plateauing, if they do, it will be short lived or because of economic conditions impacting demand for all vehicles.
Good News & Bad News, page-35959
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