EU requirements can only be met with millions of EVs

In four months, tighter EU regulations will set strict boundaries for the amount of CO2 emitted by new cars. Vehicle manufacturers have the choice to either sell electric cars by the millions or pay major fines.

Up to half of all new EU cars must be electric if manufacturers are to meet EU regulations covering the next decade. However, this seems unlikely to happen, and fines await. | Photo: Casper Dalhoff

The coming years will see many new electric vehicles from major car manufacturers as well as all sorts of hybrid solutions, in which batteries and electric engines coexist with gasoline tanks and engines.

2014 EU requirements regarding lower CO2 emissions from vehicles are now beginning to apply in earnest. Because of major efforts in electric cars, manufacturers will have to pay large fines, analyst firm Bloomberg New Energy Finance (BNEF) assesses.

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