The role of the used car market in accelerating equal access to electric vehicles
The electric vehicle market is gaining speed, particularly in Europe, where sales figures continue to break new records.Of the almost 1.36 million new electric passenger cars registered in Europe in 2020, 11% were either a battery electric vehicle (BEV) or plug-in hybrid electric vehicle (PHEV).The year 2021 is also off to a good start, with
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Spain allocates billions for a slice of European electric vehicle sector
Spain is moving aggressively to land new battery and electric vehicle plants, using billions of European Union pandemic relief funds to avoid being left behind as the global auto sector undertakes the biggest technology transformation in a century. As Europe’s second largest car-producing nation behind Germany, and with the automotive sector accounting for 10% of
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Electric cars ‘will be cheaper to produce than fossil fuel vehicles by 2027’
BloombergNEF forecasts result of falling cost of making batteries as well as dedicated production lines. Electric cars and vans will be cheaper to produce than conventional, fossil fuel-powered vehicles by 2027, and tighter emissions regulations could put them in pole position to dominate all new car sales by the middle of the next decade, research
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