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.
The European Commission has allocated €422 million to support 39 innovative projects aimed at expanding alternative fuel infrastructure across the EU.
Amazon Poland announced that the first of its four solar and wind projects, with a combined capacity of 140 MW, has begun generating electricity.
METLEN Energy & Metals S.A. Greece has secured €181 million in project financing from Piraeus Bank for the development of a large-scale solar power plant in Romania.
Simtel Team has completed a new solar energy project for MagiCAMP, an initiative of Asociatia Magic.
Most Romanian firms – 90% – have acted to reduce greenhouse gas emissions, in line with companies elsewhere in Europe, according to a European Investment Bank (EIB) Group survey.
