The number of EU member countries that have a CO2-based form of car taxation has increased to 17, according to figures from the European car makers association Acea.
The figure is up from nine in 2006, and the latest two countries to join the group are Germany and Latvia. Fifteen of the 18 offer cash incentives for buying electric cars. T&E says the trend is hardly surprising, especially with the EU’s cars/CO2 regulation now agreed.
Europe must stand firm over its future targets for carmakers as it cannot afford to fall further behind China.
The decision to create a Europe-wide carbon price was right but creates significant political risk. The good news is it can still be fixed.
It's about time the EU requires parts of key products to be made locally – and nowhere is this more urgent than in the battery sector.