Europe’s automakers are bracing for slower growth this year after sales fell for the first time in 17 months in December on waning enthusiasm for electric vehicles.
New-vehicle registrations declined 3.8% to 1.05 million units last month, the European Automobile Manufacturers’ Association said Thursday. Sales slumped nearly a quarter in the region’s biggest market Germany after EV incentives ran out, weighing on growth in other key countries.
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