The European Union (EU), as part of a wide-ranging initiative on climate change, will launch ideas on Wednesday, launching an end to sales of petrol and diesel cars within 20 years. The measures will aim to accelerate the change in zero-emission electric mobility.
Most European automakers have already started investing in the electrification of their programming with major automakers, who have already announced their own deadlines for the elimination of fossil fuel vehicles. Several companies have taken the move to anticipate more stringent emissions targets set by the EU.
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However, what they want from the bloc is a commitment to push forward by accelerating the process of building the public infrastructure of Cargo. They want to know how long the blockchain wants the gradual disappearance of plug-in hybrid vehicles. Nick Parker, CEO of AlixPartners Consulting, told Reuters: “By 2040, most car models will be fairly electrified … The question is whether the EU will try to force them along the way or hand them over to carmakers.”
Among the car manufacturers that have set targets for electrification, Volkswagen announced that by 2035 it will stop selling combustion engine cars in Europe and later in China and the US. Stellantis will invest more than € 30 billion by 2025 to electrify its lineup.
However, despite efforts, there has only been an increase in road transport emissions in recent years, and new EU measures are aimed at bringing the operation of the sector into line with the bloc’s 2050 net zero emissions target. The aim is to reduce CO2 emissions by 37.5%. By 2030, a reduction of between 50% and 65% is expected to replace the current levels.
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The EU will also address the concerns of automakers about the burden on public stations, which have been conveyed to customers with range anxiety. Brussels will propose legislation requiring countries to install public charging points on main roads.
Analysts estimate that from 2021 to 2025, automakers and suppliers around the world will invest $ 330 billion in electrification, accounting for 41% of the $ 250 billion estimate from 2020 to 2024.