Drop in Demand Expected as European EV Buyers Wait for Less Costly Models

November 17, 2023 11:34:15

Some experts predict that electric vehicle demand in Europe will drop as potential EV drivers in the region wait for electric cars to become more affordable. Many European Nation countries have pledged to electrify their vehicle fleets over the next few decades as part of a coordinated effort to curb global warming and climate change.

Electric cars are the supposed successor to internal combustion engine vehicles, but their high prices have them almost unaffordable for the…

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