EU Faces Energy Challenges with Potential Reduction in EV Targets
A new study highlights the potential energy challenges the EU could face if it reduces its electric vehicle (EV) targets. The study, conducted by Fraunhofer ISI for Transport & Environment, suggests that scaling back EV targets would require the EU to build 150 new power plants to compensate for the loss of energy storage capacity provided by EVs. The reduction in EVs would lead to increased renewable energy curtailment and necessitate additional power generation to meet demand, impacting the EU's transition to renewable energy.