EV market future in jeopardy due to regulatory uncertainty

August saw a 24.4% growth in the new car market, with battery electric cars accounting for 20.1% of new registrations. However, the industry warns that the lack of details on the Zero Emission Vehicle Mandate poses a risk to decarbonization goals. The market is still below pre-pandemic levels, and both business and private demand need to be further boosted to meet ambitions. The automotive sector is calling for incentives and infrastructure to convince drivers to switch to electric vehicles.