Europe is the world’s most exposed region to high diesel prices with drivers paying an additional €30 at the pump
• Europe currently paying a €203 million a day premium for diesel as a result of geopolitical disruption;
• 38% of the passenger cars on EU roads are diesels, making Europe the most exposed region in the world to high diesel costs;
• Drivers paying a premium of €30 at the pump, while trucks paying €236 extra a week;
• 30% of Europe’s diesel fleet is more than 15 years old;
• If the current diesel premium continues until Christmas, the EU will have spent the equivalent of offering a €2000 scrappage fee for all diesel cars over 15 years old.
Record diesel prices cost Europe an additional €203 million a day[1], a new T&E study shows. With no end to geopolitical disruption in-sight, a faster EV ramp up through scrappage schemes and tighter vehicle emissions rules are urgently needed to shield the continent from prolonged high prices, says T&E. (....)