This briefing paper explains why setting 2025 CO2 standards for cars and vans offers benefits for drivers in lower fuel costs, job creation, energy security and tackling climate change. It is available in full and summarised versions.
The paper highlights how the EU is falling behind in developing advanced efficient powertrains compared to competitors in Asia; and that due to testing flexibilities by 2021 the average vehicle is still likely to emit 150g CO2/km – meaning less than half of the anticipated savings through the regulation will be delivered.
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.