Europe New Car Sales Plunge 25% in September

The video discusses the significant impact of the semiconductor shortage on the automotive industry, leading to depleted inventories and reduced sales for companies like Mercedes and Renault. Despite these challenges, electric vehicle (EV) sales continue to grow, driven by organic demand and regulatory compliance in the European Union. The EU's stringent rules have encouraged automakers to prioritize EV production, resulting in Europe surpassing China in EV sales last year. The video highlights the industry's need to adapt to these changes to meet regulatory requirements.

What factors are contributing to the growth of electric vehicle sales?

What changes are expected in the compliance rules for electric vehicles this year?