Bulgaria Sees 58% Surge in Electric Vehicle Sales, Ranks Among EU Leaders
Bulgaria is witnessing a remarkable surge in electric vehicle (EV) sales, placing the country fourth in the European Union in terms of growth
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Toyota Motor Corp. said Monday it is looking to offer an electrified option for every car model in its lineup by around 2025, the latest sign that it is readying to pursue a chunk of the growing market for green vehicles./english.kyodonews.net
The major Japanese automaker, which plans to roll out an all-electric vehicle in China in 2020 and expand to other markets including Japan, India and the United States, said it will increase the number of battery electric vehicle models to more than 10 in the first half of the 2020s.
It also plans to expand its lineup of plug-in hybrid and hydrogen fuel cell cars in the 2020s.
The announcement comes after Toyota said last week it is entering talks with Panasonic Corp. to jointly develop safe and energy efficient rechargeable car batteries, and that it aims to sell 5.5 million electrified cars, more than half of its total global sales, by 2030.
A wave of tighter emission regulations is pushing the auto industry to shift toward environmentally-friendly cars, specifically all-electric models.
Britain and France plan to ban cars running on gasoline or diesel by 2040, while China, the world's largest car market, is contemplating a similar move.
With two months left until the end of the year, the collection of some of the main taxes is significantly lagging behind the targets set in the budget.
Beginning on January 1, 2026, Bulgaria will adopt the euro as its official currency
The latest assessment from the Organisation for Economic Co-operation and Development suggests that Bulgaria will maintain solid economic momentum this year
Bulgaria continues to report one of the lowest unemployment levels in the European Union, maintaining a stable labor market despite broader economic pressures and the nearing adoption of the euro
The latest preliminary figures from the National Statistical Institute show that Bulgaria’s gross domestic product per employee rose in real terms by 0.7 percent in the third quarter of 2025
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