The End of the European ICE Age is in sight. Avere and Boltd's report demonstrates the tension between government support and market maturity.
from Boldt and Avere examined the state of progress of European automakers’ attitudes to the uptake of electric vehicles. Although there was some reluctance to go first, it appears now that there is a greater aversion to be the last to introduce and promote EVs.
The report was set up to investigate the question: Is industry ambition outpacing government policy settings? Are we going from a regulation-driven environment to a market shaped by demand and supply? Is there still need for government intervention? McKinsey is quoted in the report saying that “in the most likely accelerated scenario, consumer adoption will exceed regulatory targets and Europe will reach around 75 percent EV market share by 2030.
“Therefore, at least in parts of the industry, ambition and pace seem to have outgrown those of European policymakers.
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