A U.S.-German agreement on the Nord Stream 2 pipeline has seemingly put to bed a geopolitical saga that has dragged for more than half a decade.
American officials concede its latest sanction efforts may not be enough to halt completion of the Nord Stream 2 gas pipeline.
A favorable political environment is needed to support electric vehicle policies, and countries must be wealthy enough to afford subsidies. EV policy also needs to be clear and sustained to give consumers and automakers certainty.
Given the predisposition of German consumers towards consider electric vehicles, the growing popularity of EVs across Europe, and the importance of purchase incentives in driving EV sales, the measure has the potential to spur a dramatic uptick in electric vehicle adoption.