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Maroc Maroc - NEWMOBILITY.NEWS - A La Une - 25/Jan 12:50

EU considers EV-subsidies as electric lifeline for its auto industry

The European Union is developing a unified subsidy program to bolster its struggling electric vehicle market and counter China’s growing influence in the sector. European Commissioner for the Green Transition Teresa Ribera confirmed the initiative, which German Chancellor Olaf Scholz originally proposed a few months ago. The 6% drop in EV sales in Europe last year can be attributed directly to the abrupt end of tax incentives in countries like Germany and France. Continue reading at newmobility.news.

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