Europe Falls out of Love with Diesel Cars
"In 2017, diesel sales in the UK plunged by a whopping 17%. In Germany it was 7%. In France, the share of new diesels dropped to under 50% of the market for the first time in 17 years. From making up 45.9% of the car market in Germany in 2016, they now account for 38.8%. Last year, sales of petrol cars outstripped diesel in the first half of the year for the first time since 1999....
"While hardly a day goes by without Germany’s auto giants trumpeting their big e-mobility plans, they have invested billions in diesel-engine development and in upgrading the tech to clean up emissions, so they are loath to walk away from the technology.
"They simply won’t make as much money on e-vehicles as they do on diesels, which are more expensive than petrol models. 'Electric cars in general won’t be as profitable as cars with combustion engines,; BMW CEO Harald Krüger said in September'