November 14, 2024 – The European Automobile Manufacturers’ Association (ACEA) significantly lowered its prediction for the market share of pure electric vehicles (EVs) in 2025 from 27% to 21%, according to a statement released on the 13th local time, as reported by CCTV News. This adjustment indicates that the European Union faces substantial challenges in achieving its 2025 carbon dioxide emission targets, primarily due to the decreasing market penetration of EVs, sparking concerns among EU countries.
The ACEA pointed out in the statement that the stagnation of the electric vehicle market not only slows down the EU’s progress in environmental protection but also significantly increases the compliance costs for automobile manufacturers.
The head of ACEA emphasized that the current market stagnation occurs at a critical moment when the EU urgently needs to accelerate the popularization of electric vehicles. The association urges EU policymakers to address the high compliance costs associated with the 2025 targets. These expenses are largely driven by factors beyond the manufacturers’ control, such as the lack of charging infrastructure and inadequate incentive policies for the electric vehicle market.
