Electric car sales triple in race to meet Europe CO2 rules
Market share will hit 15% in 2021 as manufacturers move to cut emissions levels. …
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One in 10 new cars sold across Europe this year will be electric or plug-in hybrid, triple last year’s sales levels after carmakers rolled out new models to meet emissions rules, according to projections from green policy group Transport & Environment.
The market share of mostly electric cars will rise to 15 percent next year, the group forecasts, as carmakers across the continent race to cut their CO2 levels. The projections are based on sales data for the first half of the year, as well as expected increases as manufacturers scramble to comply with tightening restrictions in 2021.
“Electric car sales are booming thanks to EU emissions standards,” said Clean Vehicle Director Julia Poliscanova. “Next year, one in every seven cars sold in Europe will be a plug-in.”
Under the rules, carmakers must reduce the average emissions from their vehicles to 95g of CO2 per km or face fines that could run into billions of euros.
In the first six months of the year, average emissions fell from 122g to 111g, the largest six-month drop in more than a decade.
While five percent of the cars sold this year are excluded from the calculations, a concession from the EU to help carmakers ease into the new regime, every vehicle counts towards the total from next year.
Environmental groups have
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