30 million zero-emission cars on its roads by 2030.
Ambitious EV Plans by European Automakers
The European automotive industry is fastly moving towards electric vehicles (EVs) in recent years. Every known automaker in Europe has either announced or is in an ambitious plan to electrify their fleet in the coming years.
Presenting you some of the notable EV plans from a list of the top European automakers:
Volkswagen – VW is aiming to become the largest manufacturer of EVs by 2025. They have defined goals of selling 22 million EVs by 2028, hence as part of this goal they have plans to launch 70 electric models by then.
BMW – BY 2030 BMW aims to have 50% of its global sales in EVs. In an attempt to achieve this, the German carmaker is planning to launch 25 EV models in the coming years to come which includes 13 pure electric models.
Mercedes-Benz – The German automaker has already launched at least one electric model in every segment it competes. Merc too have plans to account for 50% of its sales in EVs by 2030.
Volvo – Following on the same plans as with their German counterparts this Swedish automaker has set a goal to become a fully electric car company by 2030. The company is in plans to launch several new electric models in the coming years, some of which are already in the market and shared the same goal of having EVs account for 50% of its global sales by 2025.
Renault – The French automaker is coming up with eight new electric models by 2025, including two EVs under the Alpine brand. Renault has further stretched their goals and aims to have 90% of its sales in EVs in Europe by 2030.
Audi – One can expect at least 20 electric models that are to be launched by the German carmaker by 2025, again with an aggressive goal of having EVs account for 40% of its global sales by that time.
These are just a few examples of the ambitious EV plans from European automakers. Many other major players including Porsche, Jaguar and Peugeot have also announced plans to electrify their vehicle lineups in the coming years
Tremendous Support from European Union
These European Automakers are getting tremendous support from the European Union (EU) which has been a strong supporter of electric vehicles (EVs) as part of its efforts to reduce greenhouse gas emissions and combat climate change.
Here are some of the ways the EU has been supporting EVs:
- Emissions regulations – The new cars sold in the EU have to go through strict emission regulations, and by doing so the EU is targeting to achieve a 37.5% reduction in CO2 emissions by 2030. This has left no choice for carmakers to come up with more EV and Hybrid models to meet these regulations.
- Funding for EV infrastructure – In order to support the development of charging infrastructure across the entire EU region EU has been allocating billions of euros in funding. This funding from the EU’s Connecting Europe Facility (CEF) is being utilized for the construction of thousands of new EV charging stations, as well as the development of smart charging technologies.
- Tax incentives – Buyers have been offered the benefit of tax incentives for the purchase of EVs across most of the EU countries. These exemptions range from registration taxes and lower road taxes.
- Research and development – In order to improve EV technology, battery research, storage of energy and huge charging infrastructure it involves huge funding for numerous research and development. The EU has been funding generously to support these areas.
- Support for sustainable mobility – Initiatives such as The European Green Deal and the Sustainable and Smart Mobility Strategy aim to promote the use of clean and sustainable modes of transportation, including EVs. The EU is known for launching such initiatives in great numbers.
To combat climate change reduction of emissions is a major contributor and the EU has been a strong supporter of EVs as part of its efforts to achieve the same. EU in this journey of adopting EVs on its roads has a goal of having at least 30 million zero-emission cars by 2030.
Photo by Antoine Schibler on Unsplash
