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EU Fuel Economy Targets Attacked By Manufacturers, Lauded By Environmentalists [Forbes]

Evercore Inc. Class A (EVR) 
Last evercore inc. class a earnings: 4/22 06:00 am Check Earnings Report
Company Research Source: Forbes
Electric car charging at the charger station. Ecological transport concept. Flat Vector Illustration Getty The European Union agreed tough automobile fuel economy targets for 2030 and was quickly attacked by vehicle makers for being unrealistic, while environmentalists said the measures didn’t go far enough. The new rules call for average fuel efficiency across manufacturer’s fleets the equivalent of about 92 miles per U.S. gallon by 2030, up from 57 mpg in 2021. This can only be achieved by a huge contribution from electric cars. Given battery electric cars’ high price and lack of utility, that bodes ill for everyday motorists commuting to work. It requires a huge improvement in the range of electric cars and a large dive in price. The European Commission, the EU’s executive, and the European Parliament have been at loggerheads about the new menu of CO2 targets for 2025 and 2030. The European Parliament rejected the EU Executive’s proposal of a 15% extra cu Show less Read more
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