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.
Eldrive Romania and Cosmopolis have put into use 11 charging stations for the residents and visitors of the residential complex, where 14 electric vehicles can be charged simultaneously.
e-Mobility Rentals has launched a solution which includes microelectric vehicles that operate on universal batteries that can be exchanged at any swap station within the e-Mobility Rentals network.
By 2030, Romania will be ready to use electric trucks for the transport of goods at the national level, not just at the local level.
The EU has emerged as a global leader in green finance, having issued over €65 billion in NextGenerationEU (NGEU) Green Bonds since 2020.
PPC has finalized the acquisition of Evryo Group's renewable energy portfolio in Romania.
Orlen has committed to driving the energy transition and a greener future.
The European Commission has approved, under EU State aid rules, a €578 million Romanian scheme to lower an electricity levy rate for energy-intensive companies
Investment firm Mezzanine Partner has introduced the €100 million Energy Adria Fund, Croatia's first energy fund classified as "dark green".
