Industry analysts believe that 2020 is set to be the year of the electric vehicle (EV) as a series of new models are launched by the world’s biggest manufacturers looking to swiftly reduce the carbon dioxide emissions of their products.
The Guardian reports that European EV carmakers have largely catered to niche markets, but 2020 will see the release of flagship electric models with familiar names, such as the Mini, the Vauxhall Corsa and the Fiat 500.
Data firm IHS Markit say that by the end of 2020, European buyers will have 175 EV models available to them, jumping from fewer than 100 models currently. It said that by 2025, there will be more than 330 models available, based on an analysis of company announcements.
UK EV sales are predicted to rise from 3.4 per cent of all vehicles sold in 2019 to 5.5 per cent in 2020, or from 80,000 this year to 131,000 in 2020, according to Bloomberg New Energy Finance forecasts.
Malta, albeit being a tiny market, especially when compared with other European markets, has committed to setting a cut-off date for the importation of combustion engine vehicles. Demand around the continent continues to grow while demand for petrol-powered vehicles is slowly receding.
As of 1 January, new EU rules come into force, heavily penalising carmakers if average carbon dioxide emissions from the cars they sell rise above 95g per kilometre. Should carmakers exceed that limit, they are liable to fined of €95 for every gram over the target, multiplied by the totally number of cars they sell.
Jato Dynamics, an automotive consultancy firm, deduced that the excess emissions bill would have been €33.4bn on European 2018 sales figures.