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The European Union relies on foreign companies to supply 80% of its oil imports, according to a new study on the continent’s oil dependency. Russian firms supply more than one-third (36%) of imported crude, and just two of the top 10 oil suppliers to the EU are European – Shell and Norway’s Statoil.
Europe is falling behind in the race to make the most of the electromobility revolution. That is the conclusion from news that the EU is trailing China in investment in e-vehicles, coupled with a T&E report that shows European carmakers are failing to meet their own EV sales targets because of poor marketing and availability of cars for consumers.
The supply of electric vehicles to the British market could dry up when the UK leaves the EU, according to a new study by T&E. This is because sales of electric cars in a post-Brexit British market will not count towards a carmaker’s EU CO2 targets. The study also suggests up to 6,700 British automotive workers could lose their jobs in the event of a ‘hard Brexit’.
An action plan to drive the production, reuse and recycling of lithium-ion batteries in the EU has been published by the European Commission. T&E has welcomed the strategy, but says parallel measures to ensure carmakers sell a minimum number of electric vehicles are needed if Europe is to make the most out of the economic potential of electric cars.
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