Infographic: European governments look to end EV subsidy programs after strong 2022

Electric vehicle sales in Europe's largest passenger car markets increased to record highs in 2022, boosted by government incentives, although a number of countries will likely see subsidies for EVs being reduced or eliminated in 2023, which could have some downside risk.

The reduction in subsidies comes at a time when battery metal(opens in a new tab) prices are strong, with lithium prices ending 2022 more than double where they were at the start of the year, boosted in part by the increased global EV demand.

Related content: EV sales momentum to face challenges in 2023, but long-term expectations unaffected(opens in a new tab)

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Learn more:

Latest Insight Blog entry: EV sales momentum to face challenges in 2023, but long-term expectations unaffected(opens in a new tab).

And in the latest Platts Future Energy podcast(opens in a new tab), we uncovered the potential roadblocks facing the EV market in 2023. From lithium prices to government subsidies, learn how these factors may impact EV sales and the battery metals market:

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