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The European electric vehicle market continues to grow

Setec Powerr

By 2020, Germany, France, Italy, Spain, the United Kingdom, and other European countries have launched automotive industry demand stimulation measures to provide subsidies for the purchase of electric vehicles, which has given a strong impetus to the growth of electric vehicles sales.

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ifo Institute study projects ban on combustion engines in 2030 would affect 600K jobs in German manufacturing

Green Car Congress

The first part of the study is based on detailed official manufacturing statistics, determining the importance of combustion engine technology for value added and employment. million new electric vehicles would have to be purchased to compensate for the otherwise newly registered vehicles with combustion engines.