BRUSSELS (Reuters) -All European carmakers except Mercedes-Benz are on track to meet the European Union’s 2025-2027 carbon emission targets thanks to an expected surge in sales of new electric vehicles, according to a report published on Monday.
Research and campaign group Transport & Environment forecast a marked improvement from first-half sales in 2025, when only Geely-owned Volvo Cars and BMW were on course while Stellantis, Renault, Volkswagen and Mercedes were lagging.
The report said increased launches of more affordable models thanks to declining battery prices and sharp growth of charging infrastructure were fuelling demand. It forecast battery electric vehicle sales would surpass a 30% share of the EU car market in 2027 from 18% this year.
T&E said this was a sign that targets