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This is How the COVID-19 Pandemic Affect The Global EV Market

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CO2-emission restrictions have a big impact on market conditions because they challenge automakers to make more fuel-efficient cars and the incentives from the state, such as buying price discounts and tax cuts, have a significant impact on market demand. Now let us look a little deeper into those major factors one by one. #1. Conclusion.

Market 52
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Can Electric Vehicles Speed Up As The Economy Slows Down?

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In Germany, statistics from the Federal Motor Transport Authority reveal that total car registrations in March fell by 38% while fully electric cars actually grew by 56% and hybrids by 208%. In fact, just a few days ago Germany and France announced a €500 billion green recovery fund to accelerate the EU’s shift to a low-carbon economy.

Economy 52