Russia To Allocate $8 Billion To Develop Its EV Market ...Middle East

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Russia To Allocate $8 Billion To Develop Its EV Market
source : OILPRICE ( Middle East ) () 12
Russia’s new electric vehicle (EV) strategy to have 10 percent of all cars produced electric through 2030 is set to cost the equivalent of $8 billion, Bloomberg reported on Tuesday, citing the Russian government’s press office. On Monday, Russia’s government approved the strategy for the EV market through 2030, which envisages a 15 percent share of EVs in the total fleet at the end of this decade. Russia is significantly lagging behind other markets in terms of EV sales. As of 2020, the number of EVs in the country with 144 million…

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