[kieranmaine]

> Additionally, ICE sales have started recovering over the past few years now that EV subsidizes have started being phased out in most markets

I think this is a false dawn. EV sales in Germany have rebounded strongly after the removal of subsidies [1].

"Germany was the largest contributor, with more than 434,600 new EV registrations and one of the strongest growth rates in the bloc, up 39.4% year-on-year"

EU EV sales are up in 2025 in comparison with 2024 [1]

"Battery electric vehicles accounted for 16.4% of newly registered cars in the EU during the first ten months of 2025, according to figures from the European Automobile Manufacturers’ Association (ACEA). That compares with 13.2% over the same period in 2024."

1. https://www.euronews.com/business/2025/11/25/the-electric-tr... 2. https://ev-database.org/uk/#group=vehicle-group&av-1=1&av-23...