Europe has outpaced China in attracting investment for electric vehicles and battery development, securing a record €60bn last year largely as a result of Volkswagen’s push into emissions-free cars.
The figure, compiled by Brussels-based non-profit Transport and Environment, is almost 20 times higher than the last calculation, made two years ago.
In the 12 months to mid-2018, Europe had received just €3.2bn in private and public funds for electric transport, while China attracted almost €22bn. For 2019 the respective figures were €60bn and €17.1bn.
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