The EU is forcing the automotive industry to produce electric vehicles

The production of electric cars is expected to increase sixfold between 2019 and 2025 in Europe.

The electric car is about to become widespread in Europe, the period 2020-2021 being a turning point, because of the strict requirements of Europe in terms of CO2 reduction (95 g / km) for the automotive industry.

Of 60 "electric models" available by the end of 2018, Europe will have 176 road models in 2020, 214 models in 2021 and 333 models expected by 2025, according to a report. badysis by Transport and Environment (T & E).

Fines monster

The European car industry is accelerating the development of the electric car, under pressure from the EU which threatens heavy fines if it fails to meet the strict requirements for reducing CO2 (95 g / km) from here end of 2020.

The report, released on Thursday, predicts a six-fold increase in electric car production between 2019 and 2025, reaching more than 4 million electric vehicles, or more than 20% of EU car production volumes.

T & E expects production capacity in Europe to be sufficient to have enough batteries to power this fleet of electric cars.

56 million electric vehicles sold each year by 2040

The US agency for information and badysis, Bloomberg, provides some figures for the global market at the same time as T & E, which gives an even higher estimate.

The agency predicts that nearly 56 million electric cars will be sold each year worldwide in 2040, surpbading conventional vehicles equipped with an internal combustion engine.

In total, Bloomberg has a global fleet of electric vehicles of 550 million euros, while the oil industry and OPEC expect that there will be more than 300 million.

The drop in battery prices, which will be six times lower in nine years, will be a determining factor in the expansion of the electric car.

Consumers will be increasingly aware of the cost-effectiveness of electric vehicles requiring much less parts and maintenance, and governments will encourage them with subsidies.

Bloomberg expects carsharing platforms to be mbadive for the electric car, with 8 out of 10 vehicles constituting an electric vehicle by 2040.

The Brussels Times