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Compare full coverage across 7 outlets

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Ongoing story · 6 updates
Economy21:00 · 15h ago

Israel Risks Missing 2030 Electric Vehicle Target Amid Policy Concerns

Mignews
Translated & summarized from Mignews by baba
The story · English

Israel's Ministry of Energy has warned that the country may fail to meet its electric vehicle (EV) adoption goals by 2030 unless government policy undergoes significant changes. Sales of EVs have seen a notable decline in 2026. In 2024, EVs accounted for approximately 25% of new car sales in Israel, a figure that dropped to 20% in 2025 and further decreased to 12% in the first half of 2026.

The ministry's target is for EVs to represent 90% of the new car market by 2030. However, current trends suggest this figure could fall to around 40%, even if existing support measures are maintained. The ministry described the current situation as "treading water."

Failure to meet these targets could result in substantial economic losses. Instead of the projected 20 billion shekels in economic benefits by 2030, Israel might receive less than 10 billion shekels. The government has already reduced tax incentives for EV buyers in recent years.

Further challenges persist, including difficulties for apartment owners in installing charging stations in multi-unit buildings. Despite efforts by the Ministry of Energy and the Ministry of Justice to streamline this process, a solution has yet to be found.

Read the original at Mignews
Full coverage · 7 outlets
100% centerFirst: Mignews · 15h ago

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