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00:03Sales of fully electric cars surpassed petrol vehicles in the European Union for the first
00:07time in December, according to Reuters. Battery electric registrations also overtook petrol cars
00:13across Europe, including Britain and Norway, as overall car sales rose for a sixth straight month.
00:20Competition from Chinese automakers such as BYD, Chang'an, and Geely is intensifying in Europe as
00:26Volkswagen and BMW roll out new electric vehicle models. The EU unveiled a plan in December to drop
00:33an effective 2035 ban on combustion engine cars after pressure from automakers facing Chinese
00:39competition, U.S. tariffs, and challenges selling EVs profitably. European automakers are launching
00:46more affordable EVs, countries are adding incentives, and consumer demand is supporting
00:51continued sales growth into 2026. For all things money, visit Benzinga.com.
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