Electric car affordability highlights EU transportation challenge

Electric cars are for the rich and their unaffordability in the poorer countries of the European Union could put at risk the bloc’s 2030 targets for the greening of transportation, EU automakers said.

Data published May 9 by the European Automobile Manufacturers Association (known as ACEA) showed there is a strong correlation between average incomes in EU countries and electric vehicle purchases.

In most of the wealthier countries of western and northern Europe, including France, the Netherlands, and Sweden, electric vehicles as a share of all new vehicles purchased in 2018 ranged from 2% to 8%, the ACEA data showed.

Full article published at Bloomberg Environment.