Obtain the data you need to make the most informed decisions by accessing our extensive portfolio of information, analytics, and expertise. Sign in to the product or service center of your choice.
EU approves Romanian EV charging infrastructure subsidy plan
12 February 2020Tim Urquhart, B.A.
(Excerpt)
The European Union has approved a plan by the Romanian
government to allocate EUR53 million (USD58 million) of funding to
establish electric vehicle (EV) charging infrastructure in the
country, reports Reuters. According to the report, the programme
will install a national charging infrastructure network in an
attempt to increase sales of EVs in Romania. In a statement, the
European Commission said, "The measure will encourage a significant
uptake of low-emissions vehicles, thus making a major contribution
towards the reduction of CO2 and pollutant emissions, in line with
the EU's climate and environmental objectives and the goals set by
the European Green Deal."
Significance: The approval shows that the
Romanian government's plan to subsidise a new national EV charging
network does not breach EU state aid rules. Installing public
charging infrastructure is essential for relatively small European
economies such as Romania to develop a market for EVs. However,
given the low average transaction cost of new vehicles in the
country and the fact that national automaker Dacia has yet to offer
a full EV, it also seems uncertain that investment in the charging
network will move the dial that much in terms of EV sales in
Romania over the short to medium term. The installation programme
of EV charging infrastructure in Romania will run from 2020 to
2025.
Read more articles like this one. Get a free trial to AutoIntelligence Daily
The above article is from AutoIntelligence Daily by IHS Markit. Every working day, AutoIntelligence Daily provides about 30 articles focused on automotive news, events and trends. Get a free trial.
