Electric cars are slowing down: the market could shrink
Slower sales and weaker demand are putting pressure on the EV sector, as makers seek fresh incentives and cheaper models.
Electric cars are going through a slowdown in several markets after years of strong growth. The latest figures show that interest alone is no longer enough to drive registrations, which are being held back by high prices and a less favorable economic backdrop.
For the industry, the risk is that EVs remain limited to a specific customer base instead of becoming truly mainstream. The challenge now is to make these models more affordable, improve perceived range and strengthen the charging network, including in Europe and Italy.