Europe’s surging EV market has resulted in plans for 38 battery gigafactories, totalling over 1000gWh of output and almost €40bn in investment.
Yet, weak CO2 standards between 2022 and 2029 give carmakers little incentive to increase the sales of electric cars until 2030. This could result in well over half of the expected output having no market. This is a missed opportunity to boost Europe’s economy and secure thousands of skilled jobs.
After crying wolf on the 2025 EU target despite EV sales growing in Germany, the industry now wants to roll back the 2035 standard.
T&E's William Todts assesses the EU Commission chief's three biggest promises
Cutting regulation is a gift to China’s car makers
Europe’s carmakers have a unique competitive advantage over their Chinese counterparts - yet the Omnibus proposals risk throwing it away