European carmakers sold 38% more electric cars in the first seven months of this year, ensuring that all but Mercedes-Benz are on track to comply with the EU’s 2025–27 emission targets, new T&E research finds
The report suggests that the two-year extension of the targets allowed carmakers to take the foot off the gas and will lead to 2 million fewer electric cars being sold between 2025 and 2027
Mercedes-Benz, which holds the presidency of the EU auto lobby (ACEA) and is the loudest opponent of the EU targets, is the only European car manufacturer that would fail to reach them on its own. It would be 10 gCO₂/km under compliant and would need to pay Volvo Cars and Polestar to purchase credits from them in a so-called pooling deal.
Source: Clean Technica: Read The Article
PSR Analysis. Despite the extension of the target from 2025 to 2027, the EU is under pressure from carmakers to weaken their 2030 and 2035 emissions targets. There is a big risk for Europe’s car industry if the EU postpones these targets even further as Chinas is unlikely to relax its drive towards electrification and the related innovation. The most likely outcome of any further delay would be to consign the European car industry to being the second tier in the EV market. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
