Europe Pulls Back from EV Shift as Consumers Snub Pricey Models

Recent research has shown that European consumer interest in electric vehicles is starting to wane amidst high prices and rising living costs. While government initiatives had previously boosted electric vehicle sales, a noticeable decline in demand for expensive models is now observed. Several European countries, including Germany and France, where car prices have sharply increased, are becoming increasingly skeptical about the electrification of their automotive fleets.

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