Feb 4, 2025
A European electric vehicle organization urges the EU to adhere to its 2025 carbon dioxide goals.
The European Union should adhere to the 2025 CO2 emission regulations and implement incentives for purchasing electric vehicles (EVs) instead of lifting fines for car manufacturers who fail to meet their targets, a European industry group representing automakers, battery manufacturers, and charging companies stated on Monday.
E-Mobility Europe highlighted new findings from the British organization New Automotive, indicating that the 2025 emission standards for vehicles are expected to result in nearly a 65% increase in sales of fully electric vehicles throughout the EU this year; without these regulations, the expected sales growth would be only 33%.
The group mentioned that several new EV models priced under 25,000 euros ($25,660) are set to launch this year, including the Renault R5, Fiat Grand Panda, Hyundai Inster, and VW ID.2. Chris Heron, the secretary general of E-Mobility Europe, informed Reuters that the EU could utilize funds from tariffs imposed on Chinese EVs or residual relief funds from the coronavirus pandemic to support consumer incentives.
"Having targets in place will create a substantial drive to sell electric vehicles this year," Heron remarked. "If the governments of Europe get involved, realistically we could have a year without the need for fines to be issued."
According to the EU's 2025 CO2 emission objectives, over 20% of car manufacturers' sales must consist of fully electric vehicles, yet EVs only represented 13.6% of new car sales in 2024.
Europe's automotive sector has projected that it might incur 15 billion euros in fines for failing to meet these targets and has requested that the European Commission waive these penalties.
Formerly known as Avere, E-Mobility Europe comprises members from across the EV ecosystem, including Tesla, the Chinese battery producer CATL, and the Dutch fast-charging company Fastned.
Fastned's CEO Michiel Langezaal estimated that charging companies have invested 10 billion euros in infrastructure so far, and investors may hesitate to provide funding if the EU softens its objectives. "It is crucial to maintain the targets to ensure a complete industry transition; otherwise, the necessary infrastructure cannot be developed," Langezaal emphasized.
E-Mobility Europe highlighted new findings from the British organization New Automotive, indicating that the 2025 emission standards for vehicles are expected to result in nearly a 65% increase in sales of fully electric vehicles throughout the EU this year; without these regulations, the expected sales growth would be only 33%.
The group mentioned that several new EV models priced under 25,000 euros ($25,660) are set to launch this year, including the Renault R5, Fiat Grand Panda, Hyundai Inster, and VW ID.2. Chris Heron, the secretary general of E-Mobility Europe, informed Reuters that the EU could utilize funds from tariffs imposed on Chinese EVs or residual relief funds from the coronavirus pandemic to support consumer incentives.
"Having targets in place will create a substantial drive to sell electric vehicles this year," Heron remarked. "If the governments of Europe get involved, realistically we could have a year without the need for fines to be issued."
According to the EU's 2025 CO2 emission objectives, over 20% of car manufacturers' sales must consist of fully electric vehicles, yet EVs only represented 13.6% of new car sales in 2024.
Europe's automotive sector has projected that it might incur 15 billion euros in fines for failing to meet these targets and has requested that the European Commission waive these penalties.
Formerly known as Avere, E-Mobility Europe comprises members from across the EV ecosystem, including Tesla, the Chinese battery producer CATL, and the Dutch fast-charging company Fastned.
Fastned's CEO Michiel Langezaal estimated that charging companies have invested 10 billion euros in infrastructure so far, and investors may hesitate to provide funding if the EU softens its objectives. "It is crucial to maintain the targets to ensure a complete industry transition; otherwise, the necessary infrastructure cannot be developed," Langezaal emphasized.