Young Research & Publishing Inc.

Investment Research Since 1978

Disclosure

  • About Us
    • Contributors
    • Archives
    • Dick Young’s Safe America
    • The Final Richard C. Young’s Intelligence Report
    • You’ve Read The Last Issue of Intelligence Report, Now What?
    • Dick Young’s Research Key: Anecdotal Evidence Gathering
    • Crisis at Vanguard
  • Investment Analysis
    • Bonds
    • Currencies and Gold
    • Dividend Investing
    • ETFs & Funds
    • Investment Strategy
    • Retirement Investing
    • Stocks
    • The Efficient Frontier
  • Investment Counsel
  • Dynamic Maximizers®
  • Retirement Compounders®
  • Free Email Signup

European Auto Consumers Don’t Want What their Governments Are Selling

September 24, 2020 By Jeremy Jones, CFA

By bibiphoto @ Shutterstock.com

Like drivers in the U.S., Europeans prefer SUVs over tiny cars with no speed or cargo space. Those understandable preferences though are bumping up against strict goals the EU has set for lowering automobile-generated emissions of CO2. William Boston and Andrew Barnett report for The Wall Street Journal, writing:

In the early years of Europe’s effort to curb emissions, manufacturers were able to rely on growing engine efficiency as well as regulatory exemptions and loopholes to cut emissions. But as the goal became more demanding, pressure rose to develop new technologies, especially electric vehicles and hybrids.

In Europe, particularly in Germany, car makers also bet on diesel, which emits less CO2 than gasoline. But after Volkswagen AG was exposed for cheating to conceal the amount of hazardous fine particles produced by its diesel engines, consumers turned their back on the technology.

The lack of affordable electric vehicles meant many consumers opted instead for gasoline-powered cars. This shift and the new love affair with SUVs triggered a rebound in CO2 emissions.

EV sales are rising but remain a niche, with about 7% of the European market.

“If you’re a large luxury car maker, this challenge becomes bigger,” Daimler Chief Executive Ola Källenius told reporters earlier this month. “But we are within striking distance of meeting the targets for 2020.”

Environmental lobbyists doubt manufacturers’ ability and determination to get back on track and warn against any attempt to water down the EU’s goals.

Read more here.

Share this:

  • Email
  • Twitter
  • Facebook

You Might Also Like:

  • China’s Relentless Auto Sales Slowdown
  • Is Global Auto Demand About to Collapse?
  • The Auto Industry’s Growing Used Car Problem
  • Author
  • Recent Posts
Jeremy Jones, CFA
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #5 in CNBC's 2021 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
Latest posts by Jeremy Jones, CFA (see all)
  • Are Google, Amazon, and Microsoft About to Crash This Specialized Real Estate Market? - June 29, 2022
  • Regulators’ Bungled Attempts to Cut Emissions Drove Oil Prices Higher - June 28, 2022
  • What Happens to Your Passwords When You Die? - June 27, 2022

Search Young Research

Most Popular

  • Here’s Why You Need a 15-Year Retirement Investment Plan
  • Will the Fed Stick to Its Course?
  • The Power of a Compound Interest Table
  • RECESSION? Dow 25,000, $8 Gas, Rising Interest Rates, Spell Mid-term Crack Up
  • Investing During a Recession
  • Why Work When Taxes Take It All?
  • Vanguard Wellesley (VWINX) vs. Wellington (VWELX): Which Fund is Best?
  • Swiss National Bank Surprises World with Rate Hike
  • Is the Great Job Boom Over?
  • Kellogg Cuts Loose with Split Plan

Don’t Miss

Default Risk Among the Many Concerns with Annuities

Risk and Reward: An Efficient Frontier

How to be a Billionaire: Proven Strategies from the Titans of Wealth

Could this Be the Vanguard GNMA Winning Edge?

Cryptocosm and Life After Google

Warning: Avoid Mutual Fund Year End Distributions

Is Gold a Good Long-term Investment?

How to Invest in Gold

Vanguard Wellington (VWELX): The Original Balanced Fund

What is the Best Gold ETF for Investing and Trading?

Procter & Gamble (PG) Stock: The Only True Dividend King

The Dividend King of the North

You’ll Love This if You’re Dreaming of an Active Retirement Life

RSS The Latest at Richardcyoung.com

  • An Assault on America’s Central Core
  • Hillary Clinton Claws at Relevance by Publicly Insulting Clarence Thomas
  • RURAL RENAISSANCE: America Finds the Country Again
  • The Best Investment Strategy is Simple, Like Analog Music
  • RED WAVE COMING? Americans Fear the Future of Biden’s Economy
  • Biden’s Approval Lower Now than Trump’s Was after January 6, 2021
  • With a Nod from Turkey, Finland and Sweden Speed Toward NATO Membership
  • 10th AMENDMENT: Dobbs Decision a Win for States’ Rights
  • What Just Happened? Fixing Its Historic Mistake
  • Why Work When Taxes Take It All?

About Us

  • About Young Research
  • Archives
  • Contributors

Our Partners

  • Richard C. Young & Co.
  • Richardcyoung.com

Copyright © 2022 | Terms & Conditions

 

Loading Comments...
 

    loading Cancel
    Post was not sent - check your email addresses!
    Email check failed, please try again
    Sorry, your blog cannot share posts by email.