Europe's EV Sales Accelerate But Long-Term EU Mandates Look Demanding

Contributing sentiments towards policy:

57% : Arieu said more affordable and advanced EVs over the medium term allow a moderately optimistic outlook, although much of the increased demand for EVs so far has been induced by government incentives.
54% : We therefore believe that the prospect of the EU revising its targets closer to 2035 is substantially higher now compared with market expectations in 2021," Arieu said.
53% : The EU recently extended the deadline for 2025 compliance by a couple of years.
49% : "Despite the recent flexibility introduced by the EU, the emission targets remain stringent, posing significant challenges not only for car manufacturers but also for European policymakers," Arieu said.
44% : The EU has decreed that no new vehicles powered by diesel or gasoline engines will be sold from 2035 and the target for 2030 is close to 80%.
44% : These mounting pressures mean EU politicians will be forced to water down the CO2-based rules and allow much more flexibility to give European EV-makers a lifeline.
36% : Arieu said European governments are becoming increasingly worried about the damage to employment from the demise of ICE.

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