Electric car

New car sales across the European Union dropped by 1.9% in November, reflecting the ongoing challenges in the automotive sector, as weak demand continues to impact the region's largest car manufacturers. Despite this overall decline, Bulgaria experienced a notable uptick in new car registrations, with a 14% increase in November, reaching 3,956 units.

Türkiye's goal is to rapidly reach an annual production capacity of at least 1 million electric vehicles, Industry and Technology Minister Mehmet Fatih Kacır has said.

Türkiye's auto market contracted by 0.5 percent annually in January-November with 1.07 million passenger cars and light commercial vehicles sold.

New car sales in the European Union saw a modest recovery in October, rising 1.1% year-on-year after consecutive declines in August and September. Registrations reached 866,397 units, buoyed by gains in Spain (up 7.2%) and Germany (up 6%), despite decreases in France (down 11.1%) and Italy (down 9.1%).

The sight of a Ferrari with a charger plugged directly into its wheel rim might just be a humorous take on the future of electric cars, sparking curiosity and amusement among car enthusiasts.

The Turkish automotive market experienced a slowdown in October, with passenger car sales dropping by 8.4% year-on-year, according to data released by the Automotive Distributors' and Mobility Association (ODMD).

Bulgarians Favor Diesel Cars as Electric Vehicle Sales Plummet: September Market Report

European and Chinese automakers faced off at the Paris Motor Show as they seek to make electric vehicles affordable for the broader public as the sector faces stalling sales in many countries.

The biennial show has long been a major industry showcase, tracing its history to 1898.

The Environmental Impact Assessment process has been initiated for the factory to be built by Chinese carmaker BYD in the western province of Manisa.

In July, BYD, the world's largest electric vehicle producer, signed an agreement with the Turkish Industry and Technology Ministry to set up a factory and make R&D investments in Türkiye worth $1 billion.

China's meteoric rise as the world's powerhouse of electric vehicle production makes Western efforts to curb their exports a tough sell and means they could even stifle the fight against climate change, analysts warn.