TSX:PYR - Post Discussion
Post by
dalesio_98 on Apr 23, 2024 9:03am
Tesla hears EU told to rethink GHG goals
Globe/wire say Tesla hears EU told to rethink GHG goals
2024-04-23 07:46 ET - In the News
The Globe and Mail reports in its Tuesday edition that the European Union 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. A Reuters dispatch to The Globe says the 27-member bloc wants to achieve net-zero emissions by 2050. It hopes to meet its targets with the widespread use of electric vehicles; road transport accounts for nearly a quarter of its emissions. 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 (ECA) cautioned the bloc may create new economic dependencies and hurt its own industry. As it stands, high EV production costs in Europe mean the bloc will have to rely on cheap imports, mainly from China, if it sticks to the 2035 goal. China accounts for 76 per cent of EV battery output compared with the EU with less than 10 per cent of production globally. Tesla is the leading EV maker in the United States and Europe but has come under pressure to slash prices because of competition from Chinese cars.
https://www.stockwatch.com/News/Item/Z-C!TSLA-3538950/C/TSLA
Be the first to comment on this post