European manufacturers, governments should help sell electric cars

European carmakers tell governments they need to help build electric charging points and provide consumer subsidies to boost battery-powered car sales and help the industry comply with the new stringent emissions regulations.

German manufacturers are accelerating plans to launch electric vehicles, under pressure from a European Union mandate to offer a 37.5% reduction in carbon dioxide emissions between 2021 and 2030, on top of a 40% reduction in emissions between 2007 and 2021.

Industry leaders warned at this week’s Frankfurt auto show that EU rules could be disastrous for profits and jobs because key customers were not buying electric vehicles. Instead, consumers are opting for bigger sports vehicles.

“Our industry is eager to move as fast as possible with zero emissions. But this transition is a shared responsibility,” said PSA Group Chief Executive Carlos Tavares, who is also president of the European Automotive Industry Association ACEA. “Requires a 360 degree approach.”

Tavares said that “Governments across the EU must comply with the increasing pace at which we are launching these cars by dramatically increasing infrastructure investment. Moreover, they must also create sustainable purchasing incentives that are consistent across the EU. “/Investing.com 

Stay updated with INFOEUROPEFX to find out the latest news about technology.