About: http://data.cimple.eu/news-article/69351ddd28e60de6de10f1d1de5cf370b0d5d68b69135a30ac7ac108

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About: http://data.cimple.eu/news-article/69351ddd28e60de6de10f1d1de5cf370b0d5d68b69135a30ac7ac108 Goto Sponge NotDistinct Permalink

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rdf:type	schema:NewsArticle
schema:articleBody	The European Union auto market, devastated by the coronavirus pandemic in 2020, should rebound by 10 percent this year, an industry group survey showed Wednesday. EU car sales plunged by an unprecedented 23.7 percent last year as the pandemic forced governments into costly lockdowns but with the economy now steadying, the outlook is brighter. "After a year that saw the sharpest drop ever in EU car sales due to the Covid-19 pandemic, the European Automobile Manufacturers' Association (ACEA) forecasts that 2021 will mark a first step on the path to recovery, with sales rising by about 10 percent," the group said in a statement ACEA said the pandemic fallout will likely persist into the first quarter but "the car market should pick up in the second half of the year as vaccination programmes progress." New ACEA head Oliver Zipse, who is also boss of German luxury auto brand BMW, said European manufacturers had done well in recent months, picking up especially on demand growth in Asia. Now they needed to see a lasting recovery in Europe, Zipse said, adding that industry cooperation with the EU would be vital. ACEA noted that the market for electric vehicles grew sharply last year, accounting for 10.5 percent of all sales, up from 3.0 percent in 2019. "With the right policy support, including a massive ramp-up of charging and refuelling infrastructure for alternative fuels across all EU member states, this positive trend can continue," Zipse said. tsz/soe/bmm/wai
schema:headline	Europe auto market should rebound 10% in 2021: survey
schema:mentions	State-owned enterprise Accounting BMW Asia European Union Pandemic Vaccine United States Coronavirus Coronavirus disease 2019 Oliver Zipse European Automobile Manufacturers Association Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-02-03 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	80 (xsd:integer)

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