"European EV Sales Decline, Petrol Cars Regain Popularity Amid Incentive Hangover"

Volkswagen's electric vehicle sales in Europe dropped by 24% in the first quarter of 2024, while petrol vehicle sales increased. Despite the European Parliament's approval of a law banning petrol and diesel car sales from 2035, challenges such as high costs and inadequate charging infrastructure continue to hinder electric vehicle adoption. The World Economic Forum highlights the positive impact of regulations and incentives on electric vehicle uptake, but emphasizes the need for more public fast-charging networks to drive mass market adoption.