COVID-19 Response Efforts Could Boost Electric Vehicle Uptake in Europe
Europe was hit hard when the coronavirus pandemic began early this year. Lockdown measures brought economies to a near standstill, prompting governments to enact stimulus plans to keep industries from collapsing. The situation still isn’t ideal, but one industry that looks to benefit greatly from the continent’s response to the coronavirus pandemic is electric vehicles (“EVs”). According to sales figures from the European Automobile Manufacturer’s Association, the combined market share of EVs and plug-in hybrids increased by 6.8% in the first quarter of the year, a jump from the 2.5% growth rate seen in the same quarter last year. “In…