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Electric Vehicle Demand Declines as Shift Back to Petrol Emerges

Industry calls for more government incentives amid high costs and charging infrastructure concerns.

  • Electric vehicle (EV) market share declines as demand slows, with a notable shift back to petrol vehicles.
  • Government urged to provide more incentives for private EV purchases amid concerns over high costs and insufficient charging infrastructure.
  • Sales to commercial fleets drive the few gains in EV market, while private sales dip.
  • Automakers offer discounts and incentives, but warn these cannot be sustained without government support.
  • Concerns over the sustainability of EV production and the impact of cheaper Chinese imports on the market.
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