The European Federation for Transport and Environment (T&E) has released its 2025 targets, revealing that electric vehicles (EV) should reach between 20-24% market share in 2025.
The study also analysed the strategies that manufacturers are expected to use to comply as carmakers will face stricter standards in 2025, following the last targets set in 2021.
In T&E’s central compliance scenario, EV sales are expected to rise to 24% market share in 2025 (from 14% in the first half of 2024), supported by an expansion of mass market EV offerings.
T&E suggested that if carmakers rely more on hybrids, they would need less EVs to comply (20%). The growth in EV sales would account for more than half (60%) of the CO₂ reduction needed to reach 2025.
This comes after three years of stagnation, due to carmakers focus on profits from internal combustion engines (ICE) and higher-priced EVs, T&E reports.
READ MORE: EU directive on EV charging rules alters car park owner regulations
The report outlines that car CO2 regulation is a crucial climate and industrial policy on cars, but one that should be supported by national EV policies.
In particular, T&E state that national governments should implement comprehensive charging master plans and stable, targeted subsidy schemes like social leasing.
The calculations were performed using GlobalData’s powertrain mix for the pool and T&E’s assumption of individual powertrain emissions per pool.
In the case of compliance, T&E used GlobalData’s forecast for the pool in T&E’s scenario.
READ MORE: UK invests £88m to accelerate zero-emission vehicle development
In the case of non-compliance, an optimisation tool was developed to define scenarios with the powertrain share and efficiency improvement required to comply, in addition to the GlobalData forecast and T&E powertrain efficiency assumptions.
Cars director at T&E Lucien Mathieu said: “We welcome that President von der Leyen has put an end to uncertainty over the car CO2 targets.
“Now it’s time for the EU to support electric car uptake by setting electrification targets for corporate fleets. Governments need to build a stable regulatory environment for EVs with national charging goals and targeted support for buyers.”
“2025 will be a great year for Europeans in the market for an electric car. BEVs should be almost a quarter of new cars sold thanks to a glut of new, more affordable models.
“But manufacturers’ reliance on hybrids, which are reaching the limits of their CO2 saving potential, is a short sighted strategy for the climate and competing with Chinese BEVs.”
Achievements and innovations in EV charging infrastructure will be celebrated at the third annual CiTTi Awards, which will be held on 26 November 2024 at De Vere Grand Connaught Rooms in London. Nominations are open now! Please visit www.cittiawards.co.uk to learn more about this unmissable event for the UK’s transportation sector
