European Car Industry's CO2 Target Demands Could Increase EU Oil Imports by €74 Billion
The European car industry, represented by the lobby group ACEA, has proposed significant changes to the EU's car CO2 targets, which could lead to an increase in oil imports by €74 billion between 2026 and 2035. The ACEA's demands include extending the averaging period for carmakers' 2030 CO2 targets from three to five years and canceling a utility factor that accurately measures plug-in hybrid vehicles' emissions. These changes could delay the transition to fully electric vehicles (EVs) and increase reliance on polluting combustion engines. The German government has shown support for prolonging sales of polluting plug-in hybrids, aligning with ACEA's position. If implemented, these proposals could result in battery electric vehicle (BEV) sales stagnating at 21% market share instead of reaching the 57% required by current regulations by 2030. 
