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.