debut: 2/16/17
38,300 runs
"Buying an Electric Car Now Is a Mistake," Says Expert
With new EU emissions standards set to take effect next year, electric car prices are expected to plummet as manufacturers work to avoid hefty fines.
"For heaven’s sake, don’t buy an electric car now—by next year, they’ll be significantly cheaper," says Claes Hemberg, automotive expert, speaking to Carup.
The EU's upcoming emissions regulations will push automakers to increase electric car sales to avoid massive penalties.
"For years, the EU has discussed moving away from fossil fuels. Now they’re steering the industry toward electric cars, forcing change," Hemberg explains.
The potential fines are substantial; for example, Volkswagen alone faces penalties around $5 billion.
To avoid this, carmakers are expected to ramp up production of affordable electric models and cut prices.
"The car industry is now focused on producing electric vehicles that more people can afford. This spring, we’ll see a flood of new, more accessible electric models as manufacturers try to boost their sales share and dodge penalties," Hemberg says.
With new EU emissions standards set to take effect next year, electric car prices are expected to plummet as manufacturers work to avoid hefty fines.
"For heaven’s sake, don’t buy an electric car now—by next year, they’ll be significantly cheaper," says Claes Hemberg, automotive expert, speaking to Carup.
The EU's upcoming emissions regulations will push automakers to increase electric car sales to avoid massive penalties.
"For years, the EU has discussed moving away from fossil fuels. Now they’re steering the industry toward electric cars, forcing change," Hemberg explains.
The potential fines are substantial; for example, Volkswagen alone faces penalties around $5 billion.
To avoid this, carmakers are expected to ramp up production of affordable electric models and cut prices.
"The car industry is now focused on producing electric vehicles that more people can afford. This spring, we’ll see a flood of new, more accessible electric models as manufacturers try to boost their sales share and dodge penalties," Hemberg says.
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