LONDON, Feb 3 (Reuters) - The EU should stick to 2025
CO2 emission rules and roll out incentives to buy EVs rather
than waive fines for automakers that miss targets, a European
industry group representing automakers, battery makers and
charging firms said on Monday.
E-Mobility Europe said new research from British firm New
Automotive shows the 2025 emission rules for cars should lead to
an almost 65% increase in sales of fully electric vehicles
across the European Union this year - without those rules in
place sales should increase 33%.
The group said a number of new EV models under 25,000 euros
($25,660) should hit the market this year - including the
Renault R5, the Fiat Grand Panda, Hyundai Inster and the VW ID.2
- and E-Mobility Europe's secretary general Chris Heron told
Reuters the EU could use money from tariffs levied on
Chinese-made EVs or relief funds left over from the coronavirus
pandemic to fund incentives for consumers.
"With targets in place, there will be a massive push to sell
electric cars this year," Heron said. "If Europe's governments
get on board, realistically we can end up with a year where
fines don't need to be issued."
Under the EU's 2025 CO2 emission targets more than one fifth
of automakers' sales need to be fully electric, but EVs only
accounted for 13.6% of new car sales in 2024.
Europe's auto industry has estimated it could face 15
billion euros in fines for missing those targets and has called
for the European Commission to waive those fines.
Previously called Avere, E-Mobility Europe's membership
spans the EV ecosystem and includes Tesla, Chinese
battery maker CATL and Dutch fast-charging company
Fastned.
Fastned CEO Michiel Langezaal estimated so far charging
companies have invested 10 billion euros in infrastructure and
investors will become reluctant to provide funding if the EU
backs off its goals.
"It's incredibly important to keep the targets in place to
ensure the entire industry transitions, otherwise that
infrastructure cannot be built up," Langezaal said.
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