Significantly more electric and hybrid cars will be needed to help the EU meet its target for average new car emissions of 95g/km CO2 by 2020, according to new report.
Commissioned by Greenpeace and Transport & Environment (T&E), the new study suggests that an average of 70g/km CO2 for new cars is possible by 2025, if sales are divided roughly equally between conventional cars and hybrids.
According to Reuters, which has seen the study prior to publication, the resulting extra manufacturing costs of around 1,615 euros ($2,200) for a hybrid car could be paid back in less than three years through fuel savings.
The same goal could be reached if electric cars took a 7 per cent of the new car market by 2025.
Conducted by consultancy Ricardo-AEA, the new report also found that an ambitious target of 60g/km CO2 average emissions by then, would be possible if 24 per cent of the market was electric.
It is a target environmental campaigners are currently pushing for, although lobbying within the car industry is pushing for a weaker target.
At the moment, in the UK, alternative fuel vehicles like hybrids and electrics make up just 1.4 per cent of the market for new cars, according to data from the Society of Motor Manufacturers and Traders (SMMT).
In order to take a 24 per cent share of the market, there would need to be a massive consumer switch to electrified vehicles over the next 12 years.
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