But only if lawmakers increase the proposed fleets targets to require large companies to lead the EV transition
A new EU law to electrify the vehicle fleets of large companies could deliver 57% of the electric vehicle (EV) sales that carmakers need in 2030, new T&E research finds. While carmakers claim there is insufficient EV demand to meet their 2030 EU CO2 targets, T&E’s analysis shows that an ambitious company cars law would deliver 2 million new EV sales. But that’s only if the proposed fleet electrification targets are increased. If the European Commission proposal is left as it is, EU car manufacturers would secure only 37% of the electric sales needed to meet their EU CO2 targets [1].
The EU proposal sets only a 45% target, on average, for member states to electrify new cars registered by large companies [2], which T&E said would fail to realise the demand-driving potential of the law. T&E analysed the impact of increasing this target to 69% and excluding plug-in hybrids, in line with the medium ambition scenario of the EU’s own Impact Assessment[3]. The T&E analysis finds all EU carmakers would see a significant share of their EV sales secured, with BMW (72%), Volkswagen (61%) and Volvo (59%) seeing the biggest gains. (....)