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Car electrification is taking off in Europe, with consumer interest rising as electric vehicles (EVs) become more accessible. But the supply of small, affordable EVs still lags behind demand, especially on the second-hand market, where most cars are sold. Weakening targets and promoting “alternative” technologies thus confuse consumers and deter investments. It slows the flow of EVs into markets, pushing back clean and affordable mobility for all.
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Buying a car is a major decision for consumers. Beyond the initial investment, they expect reliable information about the fuel or electricity consumption, the range, the battery state of health, the overall condition or the environmental performance of a car. This is particularly true on the second-hand market, where most consumers buy their vehicle and look for accurate, credible and comparable data. A well-designed car label can therefore help consumers navigate the market and choose a car that fits their needs.
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The European Commission today published its Automotive Package which will revise the car CO2 emissions target along with setting new electrification goals for large corporate fleets and incentivising the production of small electric cars in Europe.