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.
Carmaker lobby ACEA wants to turn Europe’s car regulation into a ‘Swiss cheese – full of holes’.
Those arguing against higher car taxes to avoid transport poverty should instead call for these in combination with financial support for low-income h...
The Commission promised to work on creating demand. The upcoming fleets law is a golden opportunity to deliver on this.