EU Extends Suspension of Duties and Quotas for Ukrainian Imports
The European Commission has decided to extend the suspension of customs duties and quotas for Ukrainian imports into the EU for another year
Bulgaria emerges as a standout performer in the European Union's automotive market, boasting the second-highest growth rate in new car sales, according to data released by the Association of Automobile Manufacturers in Europe (ACEA).
With a remarkable increase of 24.4% in January compared to the same period last year, Bulgaria closely follows Croatia, which recorded a growth rate of 30.7%. Across the EU, new passenger car sales have surged by 12.1% since January 2023, signaling positive momentum in the industry.
An analysis of fuel preferences among new car buyers reveals a dynamic landscape: approximately 35% of new passenger cars run on petrol, while nearly 30% are hybrid vehicles. Diesel cars constitute 13.4% of the market share. Notably, electric cars command a significant portion, accounting for almost 11% of new purchases—a notable 9.5% increase from January 2023.
Despite the overall growth in electric vehicle adoption, Bulgaria faces a surprising trend: a 15% decline in demand for electric cars. This contrast underscores the complexity of consumer preferences and market dynamics within the automotive sector.
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