Diesel drivers in Europe are paying €32 more at the pump than at the beginning of the war in Iran. As Europe’s leaders meet in Brussels to discuss how to tackle the energy crisis, the case for EVs has never been clearer, says T&E.
EV drivers are paying, on average, less than half of what diesel drivers are paying for every kilometre, new data analysed by T&E shows [1]. Europe must accelerate its transition to electric vehicles and resist blanket fuel duty cuts, according to T&E. Instead, it recommends targeted support for low-income households, alongside energy firm windfall taxes to fund public transport and scrappage schemes.
Antony Froggatt, senior director at T&E: “We are at a critical moment in the diesel crisis. Prices are already sky high for citizens and businesses and if the US blocks exports of diesel, there is a real risk of a genuine shortage of supply. This would be crippling. Electrification is the only way to ensure this is the last oil crisis. But we need short-term measures as well. The EU should tax oil profits and use it to support low-income households and fund scrappage schemes.” (....)