ACEA Says Auto Purchases Increased by 4.9% in Europe in October

European auto salesย grew 4.9%ย in October as electric models outpaced gas and diesel counterparts for the first time. Data from the European Automobile Manufacturersโ€™ Association (ACEA) captures a pivotal moment for an industry that has weathered multiple challenges throughout the year, from trade tensions to slower-than-expected technological transitions. According to theย ACEA, registrations across the EU, Britain and EFTA countries reached 1.092 million units in October.ย 

On the plus side, the current pace at which the uptake of electric vehicles is happening in Europe and around the world indicates that startups likeย Bollinger Innovations, Inc. (OTC: BINI)ย have aโ€ฆ

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