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is Europe’s car industry in crisis elected officials are raising the alarm over a Slowdown in the production of cars and electric cars in Europe there has been a steep decline in European car production in recent years new EU car registrations fell progressively between 2019 and 2022 before bouncing back in 2023 when 10.5 million new cars were produced but that’s still lower than the 13 million produced in 2019 when the industry hit its peak while there are signs the sector could grow marginally again this year the plummeting market share of battery electric cars considered the sector’s future is prompting concern in August 2024 registrations of electric cars dropped by 43.9% compared to the same month in 2023 driven by an astonishing 68.8% decline in Germany but NGO transport and environment says this stagnation is to be expected and that the eu’s EV sector will grow again once the EU CO2 emission performance standards kick in in 2025 today the targets have been the same as in the previous year so there’s no incentive for car makers to sell more electric cars however this will change radically next year as there are new targets coming in and car makers will need to prioritize selling electric cars experts say that EV production in Germany is already picking up signaling a potential upward trend for the whole of the EU in 2025 [Music]