European member states agreed in December 2020 to an increased climate target for 2030 of -55% net emissions reductions. In July, the European Commission will propose an update of the EU’s key climate and energy legislation to turn that climate target into concrete policy.
This report by Cambridge Econometrics looks into the impact of an increase in ambition in the road transport and buildings sector on the European economy and on household purchasing power.
If the EU holds firm on the 2035 target, the European auto industry has a real chance to be competitive global EV players.
EU's Clean Corporate Vehicles Initiative
Car, aviation and shipping industries would require 2-9 times the advanced biofuels that can be sustainably sourced in 2050.