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Post #1406 201
Morning Bites (part 2)

🚘 EV sales in Germany might drop 14% YoY in 2024 without government incentives, Bloomberg reports. According to market sources, the cancellation of government subsidies in December 2023 would trigger the first decline in EV sales since 2016. Overall, if this scenario for the largest European automotive market were to materialise, it would negatively affect the demand for the battery metals basket (e.g., nickel, lithium and cobalt) this year, we believe

To recap, Germany accounted for 27% (22% of EU + UK) of electric and hybrid vehicles in the EU in 2023

#cars #EV #nickel #lithium #cobalt  
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