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High oil prices and subsidies rev up European EV sales

Source: rte.ie rte.ie
News Snapshot:

Electric vehicle sales accelerated across much of Europe in July, as high oil prices, subsidies and availability of more affordable models encouraged consumers to ditch their combustion-engine cars, data provided to Reuters showed. EV sales have soared across Europe since the Iran war began in February and caused pain at the pump. The big question for many in the auto industry is whether consumer interest will fade if and when oil prices retreat, while a lack of public charging options remains a major concern. "People are looking for ways to protect themselves from volatility in fuel prices and EVs are…

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