A leading bank says it expects the market for electric vehicles to be bigger than the market for renewable energy over the next 10 years.
HSBC says it expects 8.65 million electric and 9.23m plug-in and hybrid vehicles will be sold globally in 2020, which would be well over 10 times the current number, but it believes renewable energy will only double in size. The study also says the bank expects the EU will meet its 20% renewable energy target by 2020 but will not meet its aim of a 20% improvement in energy efficiency.
A new study examines the contribution of scrap steel towards a more resilient European economy and circular automotive industry.
T&E says lawmakers must allow the 2030 and 2035 targets to do their work and bring affordable EVs and clean tech investment to Europe.
T&E President Arie Bleijenberg explains the biggest misconception about mobility