The Internal Combustion Engine Apocalypse Is On The European Horizon
Morgan Stanley analyst Adam Jonas wrote in a note to clients on Friday that global EV sales will grow 50% or more next year, while sales of internal combustion engine vehicles are expected to grow 2% to 5%. He also predicted that global EV penetration will rise from 4% to 31% by 2030. Those predictions
Traditional European EV Players Under Threat From Surging Peugeot
Seemingly from nowhere, French automaker PSA has assaulted a tardy Volkswagen to deliver what could be the people’s electric car. Yes, the Renault Zoe and the Nissan Leaf, along with strong EV players from Hyundai and Kia, rule the sub-€40,000 EV roost in Europe, but the 210-year-old Peugeot has surprised the market. PSA has already
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