Following the entry into force of the 2020/21 EU car CO2 standards, electric cars (EVs) have entered the mass market much faster than previously expected, reaching 10.5% of new sales last year, and leading to an unprecedented drop in CO2 emissions of new cars.
Under the new proposal, announced as part of the the EU’s Fit for 55 package, carmakers will have to reduce by 55% the climate damaging CO2 emissions from their new cars sold from 2030, before going 100% emissions-free from 2035 onwards. But the current target for 2025 remains unchanged, meaning limited progress in EV production before 2030.
Read our briefing to see what this proposal means and how it should be improved.
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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.