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European cars and truck sales fall in November, led by France and Italy, ACEA states

New cars and truck sales development in Europe turned unfavorable again in November, after showing a meagre development in October, weighed by sharp declines in France and Italy, and a. stagnancy in Germany, industry information revealed on Thursday.

The downturn in electrical lorry (EV) sales was only partly. offset by the growth of hybrid-electric vehicle registrations, which. topped fuel for a third consecutive month, according to the. European Vehicle Manufacturers Association (ACEA).

WHY IT'S IMPORTANT

European automakers are battling with weak need, high. production expenses, and handling the shift to EVs, while attempting to. ward off competition from China.

BY THE NUMBERS

The number of brand-new cars registered in November in the EU,. Britain and the European Free Trade Association (EFTA) fell 2%. year-on-year to 1.06 million.

Among brand names, registrations in the EU, Britain and EFTA at. Volkswagen increased 2.8% and by 9.2% at Renault. , while they fell by 10.8% at Stellantis.

Sales of fully electric cars and trucks (BEVs) were down by 9.5% in. November in the EU, driven by sharp declines in France and. Germany, while those of hybrid automobiles (HEVs) increased by 18.5%,. revealing development for a 3rd month in a row.

Tesla and SAIC Motor, who ended up being. subject to the new EU tariffs on Chinese-made automobiles from. November, saw sales in the bloc decline by 40.9% and 7.8%,. respectively.

Energized cars - either BEV, HEV or plug-in hybrids. ( PHEV) - offered in the bloc accounted for 55.8% of automobile. registrations in November, up from 51.8% in the previous year.

QUOTES

As the EU's brand-new carbon dioxide emission decrease targets. loom next year, ACEA said an evaluation of the regulation is required. and it is holding conversations with EU lawmakers about that.

The transition was worked out on paper. On paper, it may be. image best, but truth is various, ACEA Director. General Sigrid de Vries told Reuters on Tuesday.

In Europe, we have a couple of problems. We have very costly. energy and electrical energy rates. We do not have the raw products. and the supply chain that we need for electrification yet in. Europe itself, she added.

CONTEXT

On Dec. 11, ACEA selected Mercedes Chairman Ola. Källenius as its new president since on Jan. 1, and authorized the. return of Stellantis to the organisation from next year.

(source: Reuters)