Electric Vehicles are becoming increasingly significant in reducing emissions. Bloomberg has estimated that in 2040 some 55% of all new passenger vehicles registered will be electric. That is sooner than most of us think.
Building an electric future for European drivers
With more and more emphasis on reaching the EU 2020 target, European governments are giving a significant push for the electric vehicle industry with various subvention programs. For instance France, Netherlands, and Norway have already taken leaps forward by offering substantial governmental EV subsidies. And in April 2016, Germany established an approved incentive scheme of a whopping €1,2bn.