It's Revenge Of ICE Cars In Italy As Plug-In Sales Drop 7% In August via insideevs.com
, but it turned out to be a short-lived reversal of 2022′s negative trends.
How’s such a negative trend possible, following the recent launch of new financial incentives for EVs? There are certainly economic and logistical causes behind this inflection. Italy is sailing toward uncertain times with a likely recession in the coming winter, so consumer spending is already starting to focus on essential items and cutting off anything that can be postponed to better times.
There is, however, a further, political element to this puzzle. Whilst it is true that the Italian government finally launched a new, tighter incentive scheme for low-emission cars in June, which had seemed to pave the way for the long-term stability of government policy, new changes were, but not yet signed off into law, which inevitably cooled off EV purchases.
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