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Electric vehicles (EVs) will be a major driving factor for the batteries industry, with major auto companies looking to phase out gas and diesel models in leading markets by 2035, reflecting government regulation and order.
Listed below are the key regulatory trends impacting the batteries theme, as identified by GlobalData.
Exemplary Norway
Norway (followed by Finland and Sweden) is the world’s greenest country, helped by the fact that hydropower generates over 95% of its electricity. In 2020 it became the first country where over 50% of new cars sold were electric. This was helped by eliminating sales taxes and value-added taxes (VATs) on electric vehicles (EVs), reducing road tax, offering free passes on toll roads, and…