Italy Car Market Up 3.9% in July as EV & Plug-in Hybrid Sales Surge Despite Subsidy Drop
The Italian car market recorded a year-on-year growth of 3.9% in July, driven by momentum in alternative-powertrain vehicles despite the tapering effect of national purchase subsidies. Total vehicle registrations rose, even as financial incentives for electric vehicles began to exhaust. Electric vehicles and plug-in hybrids experienced shifting market dynamics. While battery-electric registrations faced headwinds following … Read more