Electric vehicles and environmentally friendlier driving are gathering momentum all across Europe – especially in the largest mobility markets of Germany, Norway, the Netherlands, and Sweden. Compared to last year, the number of newly registered electric passenger cars in the EU has gone up by more than half in the second quarter of 2020, achieving a market share of 12 percent of total registrations. Battery electric vehicles accounted for 55 percent of this total (726,000).
Subsidies for electric vehicles are now widespread and are funded by federal, state, and city governments. To make the change easier for many drivers, they include subsidies for consumer purchases of EVs, subsidies for EV infrastructure, and other various side benefits to EV owners. The governments are promoting these subsidies for EVs as they reduce local air pollution, noise, and carbon emissions, use sustainable energy sources, and boost technological innovation and generate jobs.
What can you expect in 2021 regarding subsidies provided for EVs and also smart charging infrastructure all over Europe? Which models will occur soon? And when is the right time to invest for you? Who’s better to answer this and further question as our today’s expert, Philippe Vangeel, Secretary General of the European Association for Electromobility (AVERE).