|
In
the T&E report 'From boom to brake: is the e-mobility transition
stalling?' released on Monday, the group said that EV sales
growth in the bloc had slowed, with fully-electric cars making
up 11% of sales in the first half of 2022 when historical trends
suggested they should have reached 13%.
In the meantime, Chinese carmakers including BYD and Great Wall
Motor are looking to gain a foothold in the EU and have recently
scored high safety ratings for their EVs.
T&E estimates Chinese-made EVs accounted for 5% of
fully-electric car sales in the EU in the first half of this
year and could have an 18% share of the market by 2025.
The EU is currently negotiating a proposed package of climate
proposals, which includes an effective ban on the sale of new
fossil-fuel vehicles from 2035.
T&E said to further stimulate European EV production, the EU
should stick to the ban, oppose any exemptions for synthetic
fuels in cars, remove an emissions benchmarking system from 2025
and use EU funds and national policies to accelerate the
scale-up of EV production.
"The failure of EU carmakers to scale up...supply could result
in foreign automakers offering affordable models and capturing a
large share of the mass market in Europe," the report said.
"If the EU is unable to efficiently regulate its own market, it
risks losing its economic sovereignty in the automotive
industry."
(Reporting By Nick Carey; Editing by Kirsten Donovan)
[© 2022 Thomson Reuters. All rights
reserved.]
This material may not be published,
broadcast, rewritten or redistributed.
Thompson Reuters is solely responsible for this content.
|
|
