Long-term production and sales trends in the European automotive industry
The European automotive industry has faced a series of setbacks over the past decades. The first major shock came with the 2008 global financial crisis, after which car production and sales never returned to their 2007 peak. Demand and production declined again during the COVID-19 pandemic. The outsourcing of assembly partly explains the decreasing motor vehicle production […]
Passenger cars in use and motorization rate in Europe
The European passenger car fleet is largest in Germany, with almost 50 million cars in use in 2024, followed by Italy and France. After the Volkswagen Dieselgate scandal in 2015, the popularity of diesel cars declined, and petrol vehicles became more common. Overall, the share of electric vehicles in the total fleet remains relatively low, although Norway is a […]