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Study: Dip In Demand For Electric Cars Will Soon Be Over

22 May 2024 | Abstracted from Motor One

"...market researchers are already forecasting rising market shares for 2025 in their EU Passenger Car Report 2024. Last year, 16 per cent of new vehicles sold in Europe were purely electric cars...the figure is expected to rise to 23 per cent as early as 2025, then to 33 per cent two years later and to 48 per cent in 2029.

"...research team...argues that technical progress, economies of scale and new competitors (presumably from China) will lead to price reductions for electric cars."

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