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The UK. Despite a 30-year low in overall car sales, the UK broke its previous record for EV sales in 2022. 17% of new cars in the UK were EVs, more than diesel for the first time. Two-thirds are business and fleet sales, and Tesla holds the first and third spots on the list of highest EV sales volume in the market.
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Germany. Ford needs to make structural changes to increase EV production. Proposed changes to the brand's German plants have people fearing job cuts. Ford said they are willing to talk, and a German union official said the company would decide by mid-February how many jobs to cut in Europe.
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Saudi Arabia. Luxury EV maker Lucid saw an 88% jump in market value Friday due to speculation that Saudi Arabia's Public Investment Fund, which already owns 65% of the company, may buy the remaining stake in the startup. Shares ended the day up 43% after several pauses due to volatility.