1151 days ago • Posted by William Ramstein
Europe becomes largest EV market by sales
Europe’s surge relies heavily on government incentives doled out during the pandemic, and analysts warn the momentum could be reversed if and when that support is withdrawn. Most government EV subsidies are limited in scope and due to expire by the end of this year. “The market is extremely sensitive to government and company discounts,” said Arndt Ellinghorst, auto analyst at Bernstein Research. “Once subsidies are taken away EV sales will collapse by 30-40% at least for one or two quarters.” Source: WSJ
