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.
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After the battery is depleted, EREVs consume an average of 6.4 litres per 100 km – no better than a conventional petrol SUV, new analysis finds.