Europe Can Realize Its EV Ambitions By Hiking Fuel Prices
European carbon legislation could raise fuel prices by as much as 27% across EU member states over the next decade.
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European legislation could raise fuel prices by as much as 22% across EU member states over the next decade, according to BloombergNEF. This will be a blow to drivers of gasoline cars and automakers that want to keep selling cars with engines, but could be a major driver in the transition to electric cars.