EV incentives will need ‘strategic’ rethink from 2020 – experts

Financial incentives for electrical vehicles are limiting progress to make them more cost-competitive with conventional, internal combustion-powered cars, the International Council on Clean Transportation has said

Financial incentives for electrical vehicles (EV) are limiting progress to make them more cost-competitive with conventional, internal combustion-powered cars, the International Council on Clean Transportation (ICCT) has said.

In a report, the ICCT identified seven major markets where the cost of EVs will become comparable to conventional vehicles between 2020 and 2025. They are Germany, France, the UK, the Netherlands, the US, Canada and China.

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