Money and business

With increasing pressure… Will Europe retreat from switching to electric cars?


The pressure on The automobile industry in Europe?

It is expected to decline The European Commission set this target on December 10, as part of a comprehensive plan to support the automotive industry, but it may postpone the announcement of specific measures in an attempt to reconcile the numerous demands of various member states, which often reflect the demands of their national sectors.

In 2023, the goal of converting new cars to fully electric cars by 2035 was set, a key measure in the European Green Deal, and a crucial milestone in the serious quest to achieve climate neutrality by 2050. But two years after the target was set, calls are growing for it to be reconsidered.

The shift towards decarbonisation

The European Automobile Manufacturers Association said that "Our sector bears the tougher target as it was seen at the time as among the easiest to achieve in terms of the transition to decarbonisation. But in reality, it is much more complicated because the sector environment and consumer demand have not kept pace" Demands imposed by Brussels.

At the same time, Chinese manufacturers are flooding the European market with their electric cars, which are much cheaper than those made in Europe.

As a result, European manufacturers fear an unprecedented crisis that will see mass layoffs and factory closures, if Brussels’ targets are not modified.

For its part, Italy calls for allowing the sale of new vehicles powered by biofuels (or agricultural fuels), produced from natural organic materials after 2035.

Electric battery factories

On the other hand, France calls for not straying as far as possible from the path of transition towards fully electric vehicles, so as not to jeopardize the huge investments made by manufacturers.

French President Emmanuel Macron said after a European summit in October "If we abandon the 2035 target tomorrow, let’s forget European electric battery factories"

France asks the European Union to support the production of electric batteries, a sector that is witnessing rapid growth in the north of the country.

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