New EU renewable energy target will likely lead to accelerated EV adoption
A new agreement between the European Parliament and European Council is expected to step up the adoption of electric vehicles, thanks to a new EU target for renewable energy. The agreement has been reached by the European Parliament and European Council, after exhaustive negotiations, under the revised Renewable Energy Directive.
According to reports, the new EU agreement seeks a 32 percent bloc-wide target for renewable energy by the year 2030. In addition, the agreement will also apparently result in an expanded use of solar and wind energy; thanks to the inclusion of a number of “citizen energy” measures, like eliminating grid charges for rooftop solar panels of under 25 kilowatts.
Furthermore, the agreement has also led to the setting of a new 14 percent renewable energy target in transport, including electric-vehicle (EV) incentives. It also includes more stringent regulations for bio-fuels used in transport, particularly palm oil and other crop-based fuels.
With regard to the noteworthy agreement between the European Parliament and European Council, Fine Gael MEP Sean Kelly said that the agreement will potentially pave the way for secure, cost-effective and climate-friendly energy for Europe.
Kelly, the main negotiator for the European People’s Party, also highlighted the fact that the 27 percent target proposed by the council and the commission “was outdated,” especially because the Paris Climate Agreement is already in place, and costs of renewable are falling.
French automaker Groupe Renault has introduced an ‘affordable’ new all-electric vehicle --- the Renault K-ZE electric crossover. The new vehicle was unveiled recently by Groupe Renault Chairman and CEO Carlos Ghosn.
According to the latest official registration data released in Norway, the sales of electric vehicles (EVs) in the country touched a new record high in September 2018.
In an interesting report, US News has revealed that electric cars have gained a lot of popularity in five Nordic countries --- Norway, Finland, Sweden, Denmark, and Iceland.
In a recent announcement, Zipcar car-sharing company in London has revealed that it is adding more than 300 units of Volkswagen (VW) e-Golf all-electric cars to its fleet.
In a disclosure which highlights BMW’s commitment to bring new ‘green’ vehicles to the market, the automaker has revealed that by the year 2025, it will offer 25 different models of battery-electric and plug-in hybrid vehicles across the globe.
In a recent announcement, San Francisco-based stealth electric car-charging startup called Ample has revealed that it has raised a substantial amount of $31 million in its Series A funding round.