EVs need more aid to retire fossil-fuel cars, supplier says

U.K. supplier Dowlais Group says customers including Ford and General Motors have pushed back deliveries of electric powertrains as EV demand slows.

EVs need more aid to retire fossil-fuel cars, supplier says

UK Supplier Calls for EU Support to Retire ICEs and Boost EV Sales

Introduction:
The auto industry is witnessing a pivotal moment, with significant shifts from internal combustion engines (ICEs) to electric vehicles (EVs). A leading UK supplier has recently advocated for EU aid to expedite the retirement of ICEs and enhance the adoption of EVs across the continent.

The Push for EU Support

As the world steers towards sustainable transportation, the call for financial and policy support from the EU becomes more pressing. The UK supplier highlights several key areas where EU intervention can make a substantial impact:

  • Incentives for Consumers: Financial aid and tax benefits to make EVs more affordable.
  • Infrastructural Development: Investments in charging stations and related infrastructure.
  • Research and Development: Grants for innovation in EV technology.

By addressing these areas, the EU can significantly accelerate the transition to cleaner vehicles.

The Benefits of Retiring ICEs

Phasing out ICEs offers a myriad of advantages, not just for the environment, but also for the economy and public health. Key benefits include:

  • Environmental Impact: Reduction

Credits:https://europe.autonews.com/automakers/uk-supplier-urges-eu-aid-retire-ices-and-boost-ev-sales

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