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One key factor in Bulgaria’s poor adoption of electric vehicles is cost. The average cost of an electric car is more than the cost of a conventionally fueled car, and Bulgaria’s average household income is among the lowest in the EU. Although Bulgaria has not yet subsidised the purchase of electric vehicles like many other EU nations have, this is going to change.
Bulgaria lags behind the majority of European nations in terms of electric mobility, according to data from the European Alternative Fuels Observatory.
The Bulgaria Electric Vehicle Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
To promote electric mobility and offer incentives for purchasing electric vehicles, Bulgaria is preparing to develop a new law. The Deputy Prime Minister for Climate Policy and the Minister of the Environment both revealed plans for the new law.
Bulgaria is about to develop a law to encourage electric mobility. The government plans to establish a specialist commission for the advancement and promotion of e-mobility by the end of June.
According to minister Sandov, who spoke at the opening of a round table titled “Transport of the future – clean energy at a fair price,” the new commission will create a model of
He was chosen to coordinate policies for the development of e-mobility in Bulgaria and the e-mobility reform was included in the national recovery and resilience plan.
10,000 charging stations should be created, according to the minister, so that everyone may charge their electric vehicle. Bulgaria will build 20–30 fast-charging hubs on major thoroughfares, and more than 50 cities and sizable residential areas will get centrally located public EV charging stations.
