European Market Expecting EV Growth, But Ties Into Government Intervention

PR Newswire - May 18, 2009

Frost & Sullivan is predicting a growth in the European EV market to potentially 480,000 units. Electric vehicles is the way to go, they say, but Federal governments must play a pivotal role, including subsidies and consumer incentives, considering the state of the auto industry.

Frost & Sul­li­van is pre­dict­ing a growth in the Euro­pean EV mar­ket to poten­tial­ly 480,000 units. Elec­tric vehi­cles is the way to go, they say, but Fed­er­al gov­ern­ments must play a piv­otal role, includ­ing sub­si­dies and con­sumer incen­tives, con­sid­er­ing the state of the auto indus­try.