As governments around the world impose aggressive mandates for higher sales of electric vehicles, consumers are increasingly shifting back toward internal combustion engine vehicles. /Postmedia NetworkPhoto by Saul Loeb

Global EV sales mandates doomed to fail

by · Calgary Herald

According to new data released this week, electric vehicle sales in Europe plummeted by 36 per cent in Europe, including a 69 per cent drop in Germany, the continent’s largest auto market. And according to a recent survey by McKinsey & Co., nearly 30 per cent of EV owners worldwide intend to switch back to internal combustion engine (ICE) vehicles.

Clearly, in light of growing consumer hesitation and a global slowdown in EV sales, the ambitious timelines set by governments for the EV transition are increasingly at odds with market realities.