illuminem summarizes for you the essential news of the day. Read the full piece on POLITICO or enjoy below:

🗞️ Driving the news: Electric vehicle (EV) sales have seen a decline, sparking concerns. However, this downturn is viewed as a temporary pause rather than a permanent retreat
• The sector anticipates a rebound with upcoming model launches and new emissions regulations in Europe

🔭 The context: The EU's Green Deal mandates a 15% reduction in emissions by 2025, with fines for non-compliance
• This regulation, along with new model releases, is expected to revive EV sales
• The market has also been affected by economic factors and consumer concerns like range anxiety and charging infrastructure

🌍 Why it matters for the planet: The shift to EVs is crucial for reducing carbon emissions
Europe's regulatory push aims to accelerate this transition, impacting global car markets and climate goals

⏭️ What's next: European automakers face competition from Chinese brands, which are leading in affordability and technology
• The upcoming emissions standards and consumer preferences will shape the EV market's future

💬 One quote: "There will be pull markets for several years, you go to a peak and then you end up in a trough." — Arun Kumar, AlixPartners

📈 One stat: 43% of European consumers plan to buy an EV as their next vehicle, a figure unchanged over three years

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