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The European electric vehicle market continues to grow

Setec Powerr

According to data released by BloombergNEF, Europe now accounts for 34% of global electric vehicle sales and is the second largest worldwide market after China. According to statistics, Norway’s electric car sales have accounted for 64.5% of total new car sales, and the electric car penetration rate is the highest in the world.

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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. With respect to the electricity market, by as early as 2031 the registration ban would lead to an additional 1.1% —ifo President Clemens Fuest.