π European car manufacturers on track to meet EU emission targets
European car manufacturers sold 38 percent more electric cars during the first seven months of the year.
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- European car manufacturers sold 38 percent more electric cars during the first seven months of the year.
- BMW is expected to be 13 grams of carbon dioxide per kilometer below the emission limit between 2025 and 2027.
- Stellantis and Renault are expected to exceed requirements by 9 and 2 grams of carbon dioxide per kilometer respectively.
Several manufacturers meet targets with margin
A new report from Transport & Environment shows that most major European car manufacturers are on track to meet EU emission targets for the period 2025β2027. Electric vehicle sales have increased significantly during the year.
BMW is best positioned among European manufacturers. The company is expected to be 13 grams of carbon dioxide per kilometer below the permitted average emissions during the period 2025β2027. Stellantis is 9 grams below the limit and Renault 2 grams below. Volkswagen will meet the requirements exactly with no margin.
Mercedes-Benz is the only European car manufacturer that does not reach the targets on its own. The company is 10 grams of carbon dioxide per kilometer above the permitted level and must purchase emission credits from Volvo Cars and Polestar to meet the requirements.
Favorable market conditions
Several factors point to continued growth for electric cars. Battery costs are expected to decrease by 27 percent between 2022 and the end of 2025. By 2027, costs are expected to fall another 28 percent compared to 2025 levels, according to Transport & Environment forecasts.
Charging infrastructure has been deployed on 77 percent of the EU core highway network. All member states have already reached or surpassed the number of public charging points required by the EU's 2025 target.
Electric car market growing globally
Several major markets outside Europe show high growth for electric cars. In India, Mexico, Indonesia and Thailand, the electric vehicle share is 5, 5, 13 and 24 percent respectively. In China, the world's largest car market, the share of battery electric vehicles is expected to exceed 30 percent by the end of 2025.
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