A report for the European Parliament’s environment committee says EU budget subsidies in transport, energy and other areas should be removed because they can be environmentally harmful.
[mailchimp_signup][/mailchimp_signup]The report specifically found subsidies for long-distance road transport can have a damaging effect. It did not consider indirect subsidies such as tax exemptions. Environmentally harmful subsidies are due to be discussed as part of negotiations on the next EU budget, which takes effect in 2013.
But going back on the 2035 zero-emissions target and deploying no industrial strategy could instead see loss of 1 million auto jobs.
A new study models the impact of EU electric vehicle leadership and ambitious policies on investment and jobs.
In many markets European carmakers are falling behind Chinese EV manufacturers as they have little to offer to aspiring drivers in the Global South ri...