CleanTechnica•about 1 month ago
The EU’s 2035 Target IS The Certainty That The Industry Needs
Key Takeaway
The EU's 2035 vehicle electrification target provides critical policy certainty, signaling a massive, predictable growth in electricity demand that will drive significant investment opportunities and challenges for the power sector.
AI Summary
- •The EU's 2035 target (likely a ban on new internal combustion engine vehicle sales) provides crucial, long-term policy certainty for the automotive industry's transition to electric vehicles.
- •This policy certainty signals a massive, predictable increase in electricity demand across the EU, creating substantial investment opportunities for new generation capacity, grid infrastructure, and charging solutions.
- •For developers, this implies a clear market signal for renewable energy projects (solar, wind, storage) and associated grid upgrades to meet future EV charging loads.
- •Large power consumers should anticipate increased competition for grid capacity and potentially higher electricity prices if generation and transmission infrastructure don't keep pace with accelerated EV adoption.
Topics
emissionsfinancingoempolicysolarstoragetransmissionwind
Article Content
Some car execs suggest a return to the combustion engine will restore Europe’s competitiveness. They couldn’t be more wrong. By William Todts, Executive Director Henry Ford apparently once said, “if I had asked people what they wanted, they would have said faster horses.” A hundred years on his successor, Ford CEO ... [continued] The post The EU’s 2035 Target IS The Certainty That The Industry Needs appeared first on CleanTechnica .