The EU is looking to the end to the electrification of Europe’s cars and trucks.
The European Commission is looking for a way to reduce the subsidies for electric vehicles by 2021.
The goal is to reduce emissions by 40 percent by 2020.
“We’re going to have to do it with a lot of speed, and we need to start from scratch,” EU energy commissioner Gunther Oettinger told CNBC.
The commission has also launched an initiative called “The Clean Car Challenge,” aimed at reducing the emission of electric cars by 30 percent by 2021, by 2020, and by 2024.
The challenge is based on the premise that by 2030, electric cars are going to account for 10 percent of all new vehicles.
In order to achieve the 2030 goal, it’s expected that automakers will have to offer more incentives for electric cars, such as a tax credit.
“The main challenge is to get the transition to zero-emission vehicles in the right direction, and I think that is going to be a challenge,” Oettingers said.
The EU has made electric cars more affordable by requiring manufacturers to sell them on a state-by-state basis.
“So we have to find a solution that allows all the states to do this.
We’ve seen that there are different states that are different in terms of their emissions and their subsidies,” Oetser said.
It will take more than one year for the European Union to introduce the 2020 emission reduction targets, and it will take another three years for them to be implemented.
“There’s a huge amount of work to be done,” Oetingser said of the 2020 target.
“If we don’t make good progress in 2020, we can’t do anything about it in 2025.”
By 2030, the European Commission hopes to have achieved a 30 percent reduction in greenhouse gas emissions from electric vehicles.
“By 2030 we’re going for, if you look at the EU, a 40 percent reduction,” Oetterers said, without elaborating.
“That’s an ambitious goal, but I’m confident that we’re up to it.”