This is part of a draft strategy by the European Commission.
This will force current OEMs to accelerate their EV product plans.
The strategy also outlines targets for the broader transport sector.
As of now, there are 1.4 million battery-electric vehicles on the road in Europe. The jump to 30 million, from today’s number, by the end of the decade will pose an incredible challenge to all involved.
This ambitious target is part of the European Commission’s draft strategy document that aims to bring the 2030 emissions-reduction target to at least 55% from 1990 levels. Initially, the goal was a 40% reduction from 1990 levels.
Volkswagen ID.3 | Photo: Volkswagen
According to Bloomberg, BloombergNEF (research organization) forecasts that there will 28 million plug-in hybrid and pure electric vehicles on the road by 2028. This is a long ways off from 30 million pure electric vehicles by 2030. In order to achieve this lofty goal, far more money will need to be spent on energy production and infrastructure.
The plan, which is scheduled to be published this week, also outlines numerous targets for the transport industry as a whole. It calls for high-speed rail traffic to double by 2030 and to have zero-emission aircraft and vessels “ready for market” by 2035.
