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Backed up with a wealth of compelling evidence it shows that reaching 50 per cent of all new cars by 2030 is possible, but requires considerable efforts and investments from EU regulators, but also industry and EU member states: The EU will need massive investments in battery production capacity and a long-term commitment to sustainable supply of critical materials.
Electrifying half the vehicle fleet by 2030 would only raise the demand for electricity by around 4 per cent – this can be met with increasingly cheap renewables, but local grids and charging infrastructure have to be upgraded in many EU member states. A credible, union-wide regulatory framework based on an increasingly stringent Zero Emission Vehicle (ZEV) target needs to be established from 2025 onwards in order to drive supply and make EVs cost-competitive and available across Europe.