ResearchAndMarkets.com has released a new report, “Europe Electric Vehicle Market Outlook, 2027,” which studies the countries of Germany, UK, France, Netherlands, Norway, Sweden, Italy, and Spain, which in total accounted for a market of $81 billion in the year 2021. Government incentives in the form of tax reductions and grants for residential and commercial infrastructure are proven to encourage the adoption of electric mobility. For instance, in the Netherlands and Greece, the government offers incentives for purchasing and installing residential charging stations. It provides a deduction of up to 36 per cent and a tax return of up to 75 per cent on costs associated with purchasing and installing charging stations. These developments are expected to support the growth of EVs in Europe in the coming years. Read original article here.
