The Drive (May 20)
Germany “is turning its back on traditionally powered cars and looking towards electric for its future. Data provided by Germany’s Federal Motor Transport Authority…shows a surprisingly sharp upwards trend in EV purchases compared to 2017.” The data also shows diesel sales are “withering” and reveals an unexpected surprise: “Kia’s Soul EV topped the charts by selling 721 units in April, followed by the BMW i3 with 491 cars.”
The Economist (May 19)
Unless European “companies or their governments take the fight all the way to the White House, they have little choice but to abide by the long—and sometimes wrong—arm of American law.” America’s threat of sanctions on companies doing business with Iran impacts major players including Total, Airbus, Peugeot, Renault and SWIFT. Still, it remains to be seen if “there is the stomach for such a battle.”
Tags: Airbus, European, Fight, Governments, Iran, Law, Peugeot, Renault, Sanctions, Swift, Threat, Total, White House