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EVs will be only new cars sold in Europe from 2035 - report

Wed, 07/26/2017 - 15:39 -- News Editor
EVs will be only new cars sold in Europe from 2035 - report

Only electric passenger cars will be sold in Europe from 2035 as a result of falling battery costs, economies of scale and increased support from governments, according to a new study by Dutch banking group ING.

According to the ‘Breakthrough of electric vehicle threatens European car industry’ report, compiled by ING senior economists Max Erich and Jurjen Witteveen, issues currently overshadowing electric vehicles (EVs) – such as range anxiety and pricing – “will be overcome within the next seven years.

 

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