European Car Industry's CO2 Target Demands Could Increase Oil Imports by €74 Billion
The European car industry, represented by the lobby group ACEA, has proposed weakening the EU's car CO2 targets, which could lead to an increase in oil imports by €74 billion. According to Transport & Environment (T&E), the ACEA's demands include averaging carmakers' 2030 EU CO2 targets over five years instead of three, and canceling the new utility factor for plug-in hybrid vehicles (PHEVs). This proposal could delay the rollout of affordable electric vehicle (EV) models and increase oil dependency. The German government has adopted ACEA's position, prolonging sales of polluting PHEVs, which could hinder the EU car industry's transition to fully electric cars. If ACEA's demands are accepted, battery electric vehicle (BEV) sales could stagnate at 21% market share instead of reaching the 57% required by current law by 2030. 
