T&E's yearly car CO2 report shows that as European EV sales are stagnating as China and other competitors gain a foothold in the market
After two consecutive years of CO2 emission drops – driven by the EU CO2 standards – 2022 has seen both a stagnation of emission reductions and a slowdown of electric car sales. With little regulatory incentive for carmakers to scale up electric vehicle production over the coming decade, policymakers risk putting the brakes on Europe’s e-mobility boom. Weak targets in the 2020s not only threaten the achievement of EU countries’ climate goals, but also put at risk European industrial competitiveness, leaving the door open for Chinese carmakers to capture the mass market for BEVs.
EPP candidate Tzitzikostas drew a line under the EU electric cars debate, saying supporting industry – not weakening targets – is the way forward.
The fate of Europe’s biggest carmaker depends on how quickly it can switch to electric.
The EU proposal to maximise the efficient use of resources in the car sector is welcome, but some improvements are needed.