EU Powertrain Trends, CO2 Compliance, and Battery Demand
The European Union (EU) passenger car market is undergoing a significant transformation, with the electrification of vehicles driving the industry forward. The shift towards electrified powertrain technologies, such as battery electric vehicles (BEVs) and plug-in hybrid electric vehicles (PHEVs), is expected to accelerate, reaching over a third of the market by 2025 and nearly three quarters by 2030. This transition will lead to a substantial decrease in average CO2 emissions, reducing them by two-thirds in nine years.
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