A lot has recently happened in the e-mobility space. Starting with the most significant – on 14 February 2023, the European Parliament voted to phase out internal combustion engines (ICEs) for new passenger cars and light-duty vehicles by 2035. In terms of drivetrain sales, electric vehicles (EVs) have been the big beneficiary of the automobile post-pandemic recovery, breaking records year after year.
2022 was a bumper year for e-mobility in Europe with electric car sales capturing over 20% of the market up from 17% in 2021. There are now 8 million EVs in Europe. Beyond that, there is also a European Commission proposal to reduce heavy-duty vehicle emissions by 45% by 2030 and by 90% by 2040.
Soaring energy prices and aggressive industrial competition have not stopped electromobility either. This year three-quarters of vehicle sales will be electric and by 2030 half of the vehicles sold globally will be either battery electric or plug-in hybrid. Suffice it to say, ICE age is in full retreat, and it is leaving a vacuum for e-mobility to flourish in Europe.
We need to be ready for this EVolution.
Read press release and download the Eurelectric policy recommendations.
