By 2021, one in seven cars sold in the EU will be electric, and sales, production and overall innovation are booming in large European economies thanks to strict CO2 emissions regulations from the European Parliament.
Electric car sales are expected tripled this year compared to 2019, and is expected to rise to 15% of total market share in 2022 before reaching a ceiling.
Regulations, which have been staggered over the past decade, will continue to falter until 2030, when a series of international agreements and targets imposed to help prevent the worst of the climate crisis are met.
The green policy think tank transport and environment summarize the data from a report they released that tracks meeting CO2 targets and electric car sales in the EU auto sector, stating: “Electric car sales are booming thanks to EU emissions standards. Next year, one in seven cars sold in Europe will be a supplement. EU manufacturers are back in the race for electric vehicles. “
The EU’s emissions standards due to take effect next year are stricter, suggesting a push for cleaner fossil fuel vehicles and increased production of electric vehicles.
“By 2021, the maximum value of an average fleet of new cars in the EU is 95 grams of carbon dioxide per kilometer,” he writes Electrive, a website of the EU electric transport industry.
They refer to a leaked media report that EU MPs want to increase the already strict restrictions from 37.5% by 2030 to 50%, drawing the ire of German auto industry groups that they say the restrictions are already very ambitious. The above restrictions were passed with more than 500 “yes” votes to less than 100 “no” votes, so green-minded politicians may feel that more intense restrictions are possible.
There are already some automakers whose fleets meet current standards and wouldn’t need to change much to meet the 2021 increase. These are the PSA Group, which includes Vauxhall, Peugeot, Citroen and Opel, as well as Tesla, Volvo and BMW.
Renault, Nissan, the Toyota-Mazda group and Ford only need to reduce their total fleet emission levels by two grams to meet current standards.
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