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.
T&E analyses the impact of the European Commission’s proposal on future electric car sales and CO₂ emissions.
How to fix the proposal's major flaws.
The Greenland crisis showed that if Europe shows spine, it can be strong. It must now apply that lesson to industrial policy, or suffer the consequenc...