Electric vehicles (EVs) across Europe are facing significant challenges as high prices and inadequate infrastructure hinder their widespread adoption. According to Dr. Jakub Rybacki from the Polish Economic Institute, European-made electric cars remain more expensive than models produced outside the region, making them less attractive to consumers. Additionally, many EU countries still lack sufficient charging infrastructure, further complicating the EV market’s growth.
The economic landscape across Europe has also contributed to the slowdown. In recent years, inflation has hit hard, reducing purchasing power even in the most developed nations. Though the situation has recently improved, consumer demand for electric cars remains weak. The production and sales of both electric and conventional vehicles have decreased, leading some automakers to reduce output and cut jobs. This trend is expected to continue, potentially leading to further layoffs in the electric vehicle industry.
Data shows that the export of lithium-ion batteries, essential for EVs, from Poland—the largest producer in Europe—fell by over 28% between January and July 2024 compared to the same period in 2022. The decline in demand, especially from Germany, suggests that Europe’s EV market may require restructuring in the coming years to overcome these hurdles.
Despite EU efforts to promote green solutions, the high costs and lingering infrastructure issues remain barriers to a smooth transition to electric vehicles.