Battery-electric passenger cars cheaper for consumers by 2025 even without subsidies

Summary

A new study by the International Council on Clean Transportation (ICCT) shows that significantly stricter CO2 target for passenger cars are not only technically feasible, they also lead to cost savings for consumers. The study concludes that battery-electric cars will be cheaper than their fossil-fuelled counterparts as early as 2025. In order to meet EU climate targets, the average CO2 emissions of new cars would have to fall by at least 70 per cent by 2030 compared to 2021 (currently set at 37.5 per cent).