Bumpy ride for electric cars in Europe
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Sales of plug-in 'zero emission' vehicles have stalled in Europe. The market share for electric cars has shrunk from 14.16 percent last year to 12 percent or less since the start of this year. Germany's decision to halt subsidies for electric car purchases at the end of 2023 is a major factor. Fewer than 30 percent of Europeans plan to buy an electric vehicle (EV), and more than half refuse to pay more than 35,000 euros ($37,750) for a car. The European Automobile Manufacturers' Association (ACEA) expressed concern about meeting the 2035 deadline for banning new petrol and diesel cars. Only two-thirds of the EU's 27 member states have surpassed the five percent adoption level for EVs. Norway, a non-EU member, is a leader in EV adoption with a goal of reaching 100 percent by 2025. Other obstacles to EV adoption in Europe include the lack of EV infrastructure, EU regulations for carmakers, and ever-changing national policies.

#ElectricCars #Europe #EvAdoption #EvInfrastructure #EuRegulations

https://www.legit.ng/business-economy/economy/1587316-bumpy-ride-electric-cars-europe/