It could be expected that the economic crisis caused by the pandemic and the drop in oil prices will negatively affect the market of electric vehicles. However, it seems that this will not be the case. Electric vehicles are more...
2020 will be another difficult year for the European automotive industry. Not only because of the coronavirus but also concerns about whether customers will start buying electric cars from the beginning of 2020.
The number of new electric cars sold in Europe should start growing over the next two years. This growth will be promoted by an increase in the number of EV models available on the market.
South Koreaʼs Bumchun Precision plans to build a HUF13.3bn (EUR41m) plant supplying parts for electric cars in northern Hungary. The Hungarian government will provide HUF2.65bn for the construction of the plant, which will...