Russia pins hopes on electric future as carmakers continue exodus

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As foreign carmakers continue to cut ties with Russia the country is finding it hard to secure parts for nationalised production and is now looking at EV investment as a strategy to rebuild

A source in the Russian automotive industry, who wished to remain anonymous, said Russian authorities were turning to EV production after realising there is no way domestic producers of internal-combustion engine (ICE) vehicles can breathe life back into the increasing number of shuttered automotive plants.

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