Competition among electric vehicle producers was supposed to push prices down and make 2023 the year of the EV. But that hasn’t been the case. Prices are still high and the subsidy picture unclear: While France is still offering government-backed subsidies for buying an EV, its neighbor Germany decided to scrap theirs amid end-of-year budget chaos. Meanwhile, Chinese brands remain much cheaper than their European counterparts, thanks to fierce competition in the country and cheaper production. But even as consumer-side pressures mount, a battery manufacturing concentration is also impacting production.
#electriccar #electriccars #carindustry #cars
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