EU Legislation Driving EV Revolution

Europe has an ambitious ambition to become a climate-neutral continent by 2050. The European Commission will make numerous new legislative proposals in the upcoming years to meet this goal. They focus heavily on movement.

FREMONT, CA: By the end of this decade, the European Union wants at least 30 million electric vehicles on the road, a significant increase from the 1.4 million EVs already on roads. A set of rules and objectives are necessary to achieve this goal since they will drive states, businesses, and customers in the right direction.

The European Union currently supports the growth of electric mobility in a variety of ways, from pressuring automakers to create low-emission vehicles to encouraging the creation of extensive charging infrastructure.

One million electric and hydrogen vehicle charging stations will be erected by 2025 as part of the EU's one-of-a-kind 750 billion euro stimulus plan, which also includes 20 billion euros to increase the sales of clean vehicles. Additionally, many EU nations are investing in EV charging infrastructure as part of their own national economic recovery programmes.

EU-level regulations impact every sector. For instance, the real estate industry will play a significant role in developing the EV charging infrastructure. Building owners must provide areas where cars can be plugged in. A set of current or updated construction standards that advance EV home charging are part of the Clean Energy Package.

The EU taxonomy is a classification scheme that creates a list of economically viable and ecologically sustainable activities. The European Green Deal can be implemented, and sustainable investments scaled up in large part to the EU taxonomy. Because of the new EU classification system, business owners who want to access financing must thoroughly document how they have controlled, prevented, and reduced emissions.

By 2030, it is planned that current energy efficiency advancements will cut the EU's overall energy consumption by at least 32.5 per cent. This non-binding aim can be met by speeding up the transition to cleaner, electric vehicles and improving the efficiency of the current vehicle population.