Global Automobiles: EV tracker Apr-26: Higher oil prices and Chinese exports turbocharge Europe

Research evidence excerpt

Global Automobiles: EV tracker Apr-26: Higher oil prices and Chinese exports turbocharge Europe

ran its third Cleanroom Talks on passenger cars. This setup let Germany's Transport Ministry collect sales and tech data from big car makers. Those firms

cover over 80% of car sales and 90% of electric car sales there.

• NOW used their forecasts to predict Germany's car fleet. By 2030, expect 8.0m BEVs and 2.4m PHEVs. Sales hit 2.0m BEVs by early 2026, up from just 34k in 2017.

• Models will grow 40% for BEVs. Batteries get bigger, ranges longer, charging faster. Bidirectional charging spreads too.

• Industry plans over 2.0m BEV sales yearly after 2030. Source: Electrive

Stellantis to Invest Over €1B in France for Peugeot Models

• Stellantis will invest ~€1.2bn at its Mulhouse site to produce three electric and hybrid Peugeot models from 2029, reinforcing France’s role in the group’s electrification strategy.

• Around €500m of the investment will support French R&D and engineering operations, including sites in the Paris region, Sochaux and Belchamp. French engineers will develop Stellantis’

new STLA One platform, positioned as a fully France-led program.

• The investment also aims to strengthen the local supplier ecosystem, supporting domestic industrial capacity and employment. Source: Reuters

Honda has cancelled its previous long-term EV sales targets

• Honda has scrapped its long-term EV sales targets and indefinitely paused its $11bn Canadian EV and battery manufacturing project, citing weaker EV economics. The group is pivoting

away from pure EVs, cancelling key EV programs (0-Series, Acura RSX) and increasing focus on HEVs and PHEVs after its first-ever annual loss.