European Union countries are facing increasing pressure to accelerate the adoption of electric vehicles (EVs) as part of their efforts to reduce carbon emissions and meet ambitious climate goals. However, a new report suggests that many EU nations are falling short in using tax incentives and other policy levers to boost EV sales among companies. According to the findings, most EU countries are not providing sufficient tax breaks or other financial incentives to encourage businesses to switch to EVs, despite the growing demand for environmentally friendly transportation options. As a result, the EU's goal of having at least 50% of new car sales be electric by 2035 may be at risk of not being met.
Most EU nations lag in boosting company EV sales with tax levers Automotive News
