Mobility | 16 November, 2023 at 5:15 PM
Investor enthusiasm in EV companies is fading
Investors' enthusiasm for EV companies is fading, says eToro's analyst for Romania, Bogdan Maioreanu.
Investors' enthusiasm for EV companies is fading, says eToro's analyst for Romania, Bogdan Maioreanu.
Autonom, an integrated provider of mobility and financing services, has launched a solution dedicated to electric cars to address concerns associated with the adoption of electric vehicles, such as long-distance car autonomy, charging, maintenance costs, technological advancement, and resale value risk. Number three in the market of operational leasing and car rental companies ordered at the beginning of the year, with the help of an EIB loan of €32 million, 200 Tesla electric cars (Model 3 and Model Y).
The report of the Romanian Automobile Manufacturers and Importers Association on car registrations in the first three months of 2023 shows strong new growth in the 100% electric car segment. In the first three months of the year, 36,592 new cars were registered, of which 3,130 are fully electric, 1,269 were plug-in hybrids, 2,981 were "full hybrids", 24,539 powered by gasoline, and 4,673 were diesel.
A significant portion of EU grants is allocated to support sustainable initiatives, further driving the rise in these types of loans.
Polish energy group Orlen announced that its subsidiary, Energa Operator, has secured a €1.8bn loan to modernize the power grid, preparing it for the integration of renewable energy sources.
OMV Petrom announced the commencement of construction for a production unit dedicated to sustainable aviation fuel (SAF) and renewable diesel (HVO) at the Petrobrazi refinery.
The European Investment Bank (EIB) is providing a €240 million loan to Slovakia for co-funding of EU-supported green and digital projects across the country.
In line with its 2030 ambition to decarbonize the hydrogen used in its European refineries, TotalEnergies has signed agreements with Air Liquide to develop two projects in the Netherlands.
