Feb 01 2023
Electric vehicle sales in Europe's largest passenger car markets increased to record highs in 2022, boosted by government incentives, although a number of countries will likely see subsidies for EVs being reduced or eliminated in 2023, which could have some downside risk.
The reduction in subsidies comes at a time when battery metal prices are strong, with lithium prices ending 2022 more than double where they were at the start of the year, boosted in part by the increased global EV demand.
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Latest Insight Blog entry: EV sales momentum to face challenges in 2023, but long-term expectations unaffected.
And in the latest Platts Future Energy podcast, we uncovered the potential roadblocks facing the EV market in 2023. From lithium prices to government subsidies, learn how these factors may impact EV sales and the battery metals market: