The European Union further raised its emission reduction targets, and California took the lead in issuing a ban on the sale of fuel vehicles. Analysts expect global demand for electric vehicles to boost in the future, with penetration likely to reach 50% by the mid-2030’s. From Europe to the United States, regulations on energy conservation and emission reduction are urging car manufacturers to accelerate the production of new energy vehicles. “After Europe, America wakes up”, is the “spring” of global electric vehicles coming? To be specific, the EU intends to raise its GHG emission reduction target by 2030 from 40% to 55% (i.e., 55% lower than 1990’s carbon emission level), and intends to incorporate this target into climate law. < / P > < p > to this end, the average carbon emission cap of passenger cars in the EU will also be reduced from 95g / km in 2021 to 47.5g/km in 2030. At the same time, California governor Gavin Newsom said on Wednesday that California would completely ban new fuel vehicles from entering the market in 2035, making it the first state in the United States to specify the exit time point of traditional fuel vehicles. < p > < p > as one of the most important economic hubs in the United States, California’s climate and automobile policies have been followed by other states in the past years. After the announcement of this significant decision, other states may announce similar goals in succession. According to the data of LMC automotive, a research institute, last year, the global sales of new electric vehicles accounted for only 2.8% of the total sales of automobiles, and the market share was still small. Especially in the European market, local carbon emissions have actually risen again due to consumer enthusiasm for SUVs. < / P > < p > the reason is that banning the sale of fuel vehicles will limit the choice of consumers, and the demand for electric vehicles will naturally be boosted; after manufacturers usher in a larger market scale, the overall cost will also be reduced, and the profits will be improved. The new team of Societe Generale Securities and power previously estimated that under the new carbon emission standard, if everyone is not fined, the sales volume of EU new energy vehicles will increase from 6.15 million to 8.25 million by 2030, an increase of 34%, and the penetration rate is about 52.5%. < p > < p > Morgan Stanley has said in previous research papers that, driven by China EU new energy vehicle policy, the global penetration rate of electric vehicles will reach 26% by 2030; however, once the planned carbon emission regulation in Europe becomes law, and other regions follow this policy, the global electric vehicle penetration rate may reach 50%. However, just looking at the stock price, we can see that investors are not confident enough to turn to new energy vehicles for the traditional and old brand fuel vehicle companies. Instead, they are willing to place heavy bets on electric vehicle companies such as Tesla and Weilai. < / P > < p > at present, for the automobile enterprises with huge volume of fuel vehicles such as Volkswagen, it is still difficult to complete the challenge due to the scale of their own fuel vehicles and the popularity of medium and large fuel SUVs, and they are likely to face the European Union carbon emission fine. < / P > < p > according to the prediction made by PA consulting before the epidemic, 13 major automobile enterprises in EU will bear about 14.5 billion euro fines for carbon emission exceeding the standard; among them, Volkswagen Group may have to bear 4.5 billion euro fine, which is the largest number of automobile enterprises. < p > < p > at the same time, California, which has more than 30 electric vehicle companies, has received little support for the ban on fuel vehicles. Only Ford Motor issued a statement to support it. < / P > < p > and the industry associations of General Motors and Fiat Chrysler say there is much more to be done to strengthen consumer demand for electric vehicles. Global Tech

By ibmwl