EU law to create market for electric cars

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EU law to create market for electric cars


Cars using alternative sources of clean energy are not finding a market due to a lack of fuelling stations and high price tags. EU transport commissioner Siim Kallas told reporters in Brussels on Thursday (24 January) that member states must take the initiative to build the stations to help open the market, cut CO2 emissions and reduce dependency on oil, EU Observer wrote.

"We need to set targets to build the necessary fuel stations and make them compatible everywhere," he said. Around 10 percent of the EU transport sector must run on renewable sources of energy by 2020 according to previous EU accords. At the same time, the demand for energy is set to increase amid a dwindling supply of oil.

The hope is to reduce member state dependency on the fossil fuel that, according to an expert group on future transport fuels who advise the commission, will peak sometime this decade.

"Oil, the main energy source for transport overall, supplying 100 percent of road transport fuels is currently expected to reach depletion on the 2050 perspective," notes the Future Transport Fuels report penned by the advisory group in 2011.

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