EC has approved a €48 million French measure to support Envision AESC France in setting-up a new factory for the production of Lithium-ion batteries for electric vehicles in Douai.
Battery-electric cars remained the third-most-popular choice for buyers in 2024, according to the European Automobile Manufacturers' Association.
Registrations of battery-electric cars declined by 9.5% to 130,757 units in November 2024.
New car sales in the European Union dropped by 18.3% last month, with major markets like Germany, France, and Italy experiencing double-digit declines in EV sales.
Electric cars (BEV) will reach 20-24% market share in 2025, according to Transport & Environment (T&E) modeling based on sales in the first half of this year and sales forecasts.
Automobile Manufacturers and Importers Association (APIA) announced that electric cars reported a 12.9% increase and a market share of 43.3%.
EY predicts that by 2030, there will be over 75 million electric vehicles operating across different charging networks in Europe.
Mircea Fechet, Romania's Minister for the Environment, Water and Forests, hopes that Romania will be one of the countries where recycling becomes a way of life.
Brasov City Hall secured new €945,751 non-repayable funding for installing 80 electric vehicle charging stations.
Within this segment, fully electric cars will have a 12.7% market share, equivalent to a 24.7% jump in registrations compared to the previous year.
Eldrive Holding plans to invest approximately €146 million in the installation of 4,376 new charging stations for electric cars in Romania, 2,575 in Lithuania, and 1,530 in Bulgaria.
At Cluj Arena, 10 recharging stations are to be installed, 20 recharging points and several 20 parking spaces will be created.
E.ON has inaugurated a new state-of-the-art test and innovation centre for charging technologies and sustainable energy solutions.
IFC is providing a €35 million loan to Karsan.
OMV Petrom will acquire a 50% stake in Electrocentrale Borzesti from RNV Infrastructure.
In Q1-Q3 this year, more than 10.7 million plug-in electric cars have been registered around the world, which is about 16% of the total volume.
Eldrive Romania and Unirea Shopping Center have announced that they are installing 16 stations - up to 150 kW - for charging electric cars in the center of Bucharest.
Investors' enthusiasm for EV companies is fading, says eToro's analyst for Romania, Bogdan Maioreanu.
The electric car battery recycling sector in the European Union (EU) will require €9 billion investment to expand capacity by 2035 to keep pace with increased production, according to the “EU recycling market” report by strategy&, PwC's global strategy practice.
EVconnect, the network of charging stations for electric vehicles and a partner of EVBox, has installed another 20 fast charging stations in gas stations in the west of Romania.
European companies are facing widespread challenges as they attempt to comply with the EU's new sustainability reporting standards, according to recent findings from the European Financial Reporting Advisory Group (EFRAG).
Improving energy efficiency in buildings plays a key role in building a sustainable future. It leads to lower costs, a healthier indoor environment, and a smaller environmental footprint. According to România Eficientă, efficient energy use is not about sacrificing comfort but about eliminating waste.
The European Ombudsman has formally questioned the European Commission's handling of recent proposals aimed at scaling back corporate sustainability requirements, raising concerns over transparency and procedural compliance.
Hidroelectrica has selected Waldevar Energy to implement the Nufărul Project, a pioneering renewable energy initiative set to become the largest floating photovoltaic (FPV) system installed on a hydroelectric dam in Europe.
Met Group has inaugurated Hungary's largest standalone battery energy storage system (BESS), a 40 MW / 80 MWh facility located at the Dunamenti Power Station in Százhalombatta.
