According to the report of the Economic Committee of the European Steel Association (Eurofer), in the first quarter of 2025 in the European Association of the European Association (Eurofer) in the first quarter of 2025 in the previous quarter. The tension intensified, especially due to the fact that the United States announces tariffs for the export of EU cars. It is expected that these measures even more impede investment decisions by European automakers and reduce production. At the same time, the constant malfunctions of the supply chains, uncertainty related to the war, the weak trust in consumers, the sluggish income of income and the general economic instability continued to retain the demand for the EU car.
Full restoration in world trade and external demand from key partners, such as the United States and China, now seems unlikely. The report emphasizes that the escalation of trading voltage, including recently introduced 15 percent tariffs in the United States for export of EU cars, will extend these problems. Additional Pressures STEM from Riding Chinese Electric Vehicle Export Volumes to the Eu and the USFLATION REDUCTION Act (IRA), Which IS Set to Boosts EV Production Further, Creating Additional Headwinds for European Carmakers in Both Markets.
the Forecast for 2025 Has Been Revid as a 4.2 Percent Decline, Compailed to the Earlier Expectations of A 2.6 Percent Contract, AS A Result of Increasing Global Uncertainty, Growing Trade Tilaniya and Very Low Confidence.
