The EU should adhere to the 2025 CO2 emission rules and implement incentives for EV purchases, rather than waiving fines for automakers that fail to meet targets, E-Mobility Europe said.
According to the European EV group, several new electric vehicle (EV) models priced under €25,000 ($25,660) are expected to be released in the market this year, and its secretary general Chris Heron told Reuters that the EU could potentially utilise funds generated from tariffs imposed on Chinese-made EVs, or leftover relief funds from the COVID-19 pandemic, to provide incentives for consumers.
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The European industry group representing automakers, battery makers and EV charging firms pointed to new research from British firm New Automotive that indicated the 2025 emission rules could lead to a 65% rise in fully electric vehicle sales across the EU this year, compared to a 33% increase without the rules.
Heron said: “With targets in place, there will be a massive push to sell electric cars this year.
“If Europe’s governments get on board, realistically we can end up with a year where fines don’t need to be issued.”
Despite the push for electric vehicles, current statistics show that EVs represented only 13.6% of new car sales in 2024, falling short of the EU’s 2025 CO2 emission targets, where over one-fifth of automaker sales must be fully electric.
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By GlobalDataThe automotive industry in Europe faces potential fines totalling €15bn for not meeting these targets and has requested that the European Commission to consider waiving these penalties, reported the news outlet.
Formerly known as Avere, E-Mobility Europe encompasses a wide range of members within the EV ecosystem, including Tesla, CATL, and Fastned.
Fastned CEO Michiel Langezaal highlighted that charging companies have already invested €10bn in infrastructure and warned that investor support might wane if the EU does not stand firm on its environmental objectives.
Langezaal added: “It’s incredibly important to keep the targets in place to ensure the entire industry transitions, otherwise that infrastructure cannot be built up.”
