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Weak Demand for Electric Cars Puts Automakers Under Pressure

The demand for electric cars has significantly weakened in recent months, putting automakers under pressure. VW is responding to declining sales with intensified cost-cutting measures. Despite a 48% increase in global sales in the first half of 2023, many vehicles remain unsold in Europe.

Chinese manufacturer BYD is also struggling to sell its cars in Europe. Due to weak demand, many vehicles are standing idle for so long that they develop mold before being delivered to customers. This situation highlights that market dominance does not solely depend on delivery capability, and even established brands need to adjust their production and supply chains to the current demand.

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