Italy has made massive progress in the proportion of electric and hybrid cars it exports in recent years and the trend is set to continue, Carlo Ferro, the president of the Italian Trade Agency, told an event at Expo 2020 Dubai. "In 2018-19, less than 1% of Italian car exports were electric or hybrid vehicles," Ferro told the "Connected cars and Sustainable mobility" Innovation Talk at the Italy Pavilion.
"Today they account for 10% for a total of 10 billion euros (in revenue) in 2020. "The outlook is for this to grow". He said it is normal for it to take time for production to be shifted to more sustainable car models. "It is necessary to give the companies and their human capital time to adapt," Ferro said. "The challenge is in various stages of the chain of value, from components to hardware, cybersecurity, electronic features and the future of electric propulsion. "Italian industry is very well positioned". (ANSA).