Spain | The necessary shift toward electric transport

Summary

The European economy faces an unprecedented challenge: reducing greenhouse gas emissions by over 40% over the next 10 years in order to achieve the objectives of the European Green Deal.

Key points

• Key points:
• The target is even more ambitious in the case of Spain — the country must cut its emissions by about 60% between 2020 and 2030.
• However, since 2013, emissions from road transport—particularly from cars—have been steadily growing, putting compliance with these commitments at risk and leading to increased regulatory pressure on the sector.
• EU Regulation 2019/631, known as CAFE (Corporate Average Fuel Emissions), determines that the average CO2 emissions of new passenger cars registered in the EU in 2020 must not exceed 95 grams per kilometer.
• The regulation establishes sanctions in the event of non-compliance, but it also provides incentives, both for innovation aimed at reducing CO2 and for the sale of low-emission vehicles, providing further motivation for individuals.
• The Next Generation EU funds that Spain will receive over the next few years will play a key role in financing the transition and maximizing the impact of the shift toward electric transport on the carbon neutrality of the economy.

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