Only Volkswagen, Volvo doing enough to electrify their fleets in Europe: T&E
Only two automobile manufacturers, Volkswagen Group and Volvo, are doing enough to electrify their vehicle lineups to help the European Union (EU) meet its “Green Deal” targets. German automaker Volkswagen has set a goal to achieve at least 55 per cent group-wide BEV (battery electric vehicle) sales in Europe by the end of current decade (2030), while Geely-owned Swedish automaker Volvo aims to electrify its entire lineup by then.
European campaign group Transport & Environment (T&E) noted that Volkswagen and Volvo have designed aggressive as well as credible strategies to accelerate their shifts from fossil-fuel vehicles to electric vehicles (EVs).
T&E also noted that many other major automakers, including luxury brands like BMW, Jaguar Land Rover (JLR), Toyota and Daimler AG, are not doing enough to electrify their fleets.
In its newly published report, T&E said, “Volkswagen and Volvo have aggressive and credible strategies … BMW, Jaguar Land Rover (JLR), Daimler AG and Toyota have no ambitious phase-out targets, no clear industrial strategy, and an over-reliance in the case of BMW, Daimler and Toyota on hybrids.”
JLR is owned by Indian auto giant Tata Motors, which said some of its brands would be all-electric by 2025, but remained less specific about electrification of its luxury brand Land Rover.
Sales of BEVs and plug-in hybrids jumped nearly 300 per cent last year, thanks to stricter carbon emission standards and attractive government subsidies. It is worth-mentioning here that governments around the globe, particularly in Europe, boosted their plans to encourage the mass adoption of EVs after the onset of COVID-19 pandemic as they believed that increasing carbon emissions has a role in changing the environment and bringing in new pandemics. A swift transition from conventional fossil fuel-powered vehicles to EVs will not only help protect the environment but also the public health.
The EU has long been working to reduce carbon emissions, but now it mulling plans to set more ambitious targets. According to available information, EU authorities aim to trim down CO2 emissions from new vehicles by 35 per cent by 2025. The target will be hiked to 50 per cent and 70 per cent by 2027 and 2030, respectively.
Environmentalists have welcomed the plans to tighten the CO2 reduction targets, saying targets must gradually be tightened to push automakers to phase out fossil fuel-powered vehicles and develop more aggressive strategies to electrify their fleets.