Israel Sees Decline in Electric Vehicle Purchases
Translated & summarized from Panet by baba
Data from Israel's Ministry of Energy shows a decline in electric vehicle sales, with EVs making up 12% of new car sales in the first half of 2024, down from 25% in 2024. Projections indicate that without continued government support, the 2030 target of 90% EV sales will likely not be met.
The story in 5 lines · by baba
- Electric vehicle sales in Israel have declined significantly.
- EVs represented 12% of new car sales in early 2024.
- Government's 2030 target for EV sales is 90%.
- Projections suggest only 40% EV sales by 2030 without policy changes.
- Continued government subsidies are crucial for EV adoption.
New data released by the Ministry of Energy on Thursday reveals a significant drop in the demand for electric vehicles (EVs) in Israel. In 2024, EVs accounted for 25% of new car sales, a decrease from the previous year's 20% and a stark contrast to the 12% recorded in the first half of the current year. The Israeli government had previously set an ambitious target for EVs to constitute 90% of new car sales by 2030. However, current projections from the Ministry of Energy suggest that if government policies remain unchanged, this figure will only reach approximately 40% by 2030, and this estimate is contingent on continued government subsidies without reduction.
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