Mines in EU targets for low-selling EVs

It is more difficult to achieve EU targets to reduce them due to a lower sales rate in 2025. This forces many car manufacturers, who have high levels of pollutant emissions and who are candidates for fines, to cooperate with electric car manufacturers in order to drop the average of their pollutants. Mild hybrid technology, which exists in many modern cars and which involves using a small battery-operated electric motor to help a traditional diesel or gasoline engine, could help achieve the targets. ACEA’s general manager, Sigrid de announced that “the apparent crisis requires urgent action. All indicators show a stagnation in the EU electric vehicle market at a time when acceleration is required. In addition to the disproportionate cost of compliance for EU manufacturers in 2025, the success of the entire transport discharge policy is at risk. Europe must remain in the process of green transformation, adopting a strategy that works.” The EU recently imposed higher import duties on Chinese electric vehicle manufacturers such as Geely, BYD and SAIC. This decision was made following the claims that the GOC largely subsidized these companies, which sell their models at significantly reduced prices in the EU. This move resulted in a decrease in sales to major European car companies such as Volkswagen, Audi, Mercedes-Benz and BMW. The EU has now imposed 18.8% tariffs on Geely, 17% on BYD and 35.3% on SAIC. The application of duties is likely to make Chinese vehicles more expensive in the near future, discouraging consumers to choose them. But this in turn is likely to make it even more difficult to achieve the EU’s coal emissions targets set for 2025 and 2030. Source: RES – ICM