Europe Gains Ground in Global Race to Sell Electric Cars

Read The Full Article On: Bloomberg

Europe is poised to lead global growth in electric-car sales next year as governments across the region offer consumers ever-sweeter incentives toward the purchase of new vehicles.

Momentum is building in a market that’s already the world’s second-biggest — well behind China but significantly ahead of North America — as the European Union on Wednesday set in motion an unprecedented plan to become net neutral on carbon emissions by mid-century. With car manufacturers already facing the stark choice of either selling emissions-free vehicles or paying stiff EU penalties on polluting models, 2020 is shaping up as do or die for the industry.

Read The Full Article On: Bloomberg

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