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automotive — 1 lead

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WedSep 23Volkswagen now takes more orders for electric cars than combustion cars in Germany and is cancelling petrol-engine shifts, after Europe's battery-electric share hit a record 30.5% in August

Record diesel and petrol prices from the Iran war, plus new German and French purchase subsidies, pushed battery-electric cars to 30.5% of new-car sales across 16 European markets in August 2026 — ahead of every full-year forecast — and Volkswagen says its German order intake is now majority electric — The charging operators have already doubled; the Asian-owned cell plants in Europe, the power-semiconductor suppliers and the combustion-dependent parts makers sit 25–35% below their highs, and the losers include diesel residual values on lessors' books and European petrol demand.

automotive69September European registration data due around October 20–25, 2026; Volkswagen third-quarter results late October 2026; EU 2035 combustion-phase-out review during 20269

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