Due to the Ukraine-Russia crisis, Germany may not be able to meet its target of 15 million EVs on the road by 2030, says GlobalData

Due to the Ukraine-Russia crisis, Germany may not be able to meet its target of 15 million EVs on the road by 2030, says GlobalData
Due to the Ukraine-Russia crisis, Germany may not be able to meet its target of 15 million electric vehicles (EV) on the roads by 2030 says GlobalData. Increasing the number of EVs on the roads was an important element for how the country was to achieve this target. The crisis has led to the price of Nickel, a key element in EV batteries, increasing by 18% since the end of 2021 to over $24,000 per metric tonne. As a result, Germany could witness muted growth for EVs in the coming years. A...

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