Why EV prices have risen in Europe despite big drop in battery prices

EV charging Arc 2024 — In the first half of 2024, electric vehicle sales made up 12.5 percent of the European market, well below the level needed for automakers to reach their 2025 emissions targets. (BLOOMBERG)

By:

Lucien Mathieu

October 16, 2024 02:00 AM

While headlines boast about affordable EVs emerging in markets such as China, a visit to a European showroom tells a different story, one where the sticker prices of top-selling electric vehicles remain far from accessible.

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