EU Plans Budget Electric Car Class to Compete with China
The European Union is reportedly mulling over a new proposal that would introduce an affordable electric vehicle (EV) category, dubbed “E cars,” aimed at slashing costs and enabling automakers to better compete against Chinese rivals.Key TakeawaysThe EU could create a less stringent EV classification for smaller vehicles priced around €15,000-€20,000 ($17,500-$23,300).This category would likely remove some safety features currently mandated in Europe to reduce costs.European automakers like Stellantis and Volkswagen could benefit from this initiative as they already have small EVs in development or production.The EU's proposal for an E car class aims at offering a more affordable entry point into the electric vehicle market. By relaxing certain technical requirements, including safety feat...
