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.
The average price of an EV in Europe has increased – despite battery prices hitting record lows
The new European Commission has committed to phase out fossil fuel subsidies and ensure a just green transition, now it has to deliver on this promise...
The European Commission has committed to phase out fossil fuel subsidies - now it needs to act.