EU needs to up electric vehicle support to fend off Chinese competition – NGO

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Reuters UK

By Nick Carey (Reuters) – The European Union needs to provide more regulatory incentives for its carmakers to scale up fully electric vehicle (EV) production or risk losing market share to Chinese rivals, according to a study by climate group Transport & Environment. In the T&E report ‘From boom to brake: is the e-mobility transition stalling?’ released on Monday, the group said that EV sales growth in the bloc had slowed, with fully-electric cars making up 11% of sales in the first half of 2022 when historical trends suggested they should have reached 13%. In the meantime, Chinese carmakers i…

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