EU’s 2050 net zero goals at risk as EV rollout faces setbacks

The EU needs to rethink its policies to make a 2035 ban on new petrol car sales feasible as electric vehicles remain unaffordable and alternative fuel options are not credible, the EU’s external auditor said, jeopardizing its 2050 climate goals.

The EU wants to have at least 30 million zero-emission cars on European roads by 2030, or about 12 per cent of the current car fleet. However, the European Court of Auditors cautioned the bloc may create new economic dependencies and hurt its own industry. Tesla is the leading EV maker in the United States and Europe but has come under pressure to slash prices due to competition from Chinese cars. Similarly, European carmakers like Stellantis that owns Peugeot and Fiat, and Renault are now racing to develop their own affordable EV models.

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