EU electric vehicle push needs 80 billion euros for chargers: industry group

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An EU plan for a fifty-fold increase in electric cars this decade to help cut greenhouse gas emissions will require an 80 billion euro ($96.5 billion) investment in charging points to support it, power industry group Eurelectric said on Tuesday.

The European Union has said it needs 30 million or more zero-emission cars on its roads by 2030 as part of efforts to cut emissions by at least 55% this decade versus 1990 levels.

They are powered by fewer than 250,000 public electric vehicle charging points, which must rise to 3 million by 2030 to meet the green goals, according to a report by Eurelectric - which represents national electricity associations and leading companies - and Ernst & Young . That rollout is currently “well below target”, it added, echoing concerns raised by auto industry groups.

 

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Estimates are about 4 Trillion USD globally if taxpayers are to indulge this boomer BEV cult! Assuming big oil won't start selling hydrogen & make the point moot.

OK, Chargers are not enough. but, Are your generators enough ?

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