Strict CO2 Limits Cause Electric Car Boom In EU, While U.S. Slumps

Several Porsche Taycans stand side by side in Stuttgart, Germany
The share of electric cars on Europe’s roads has tripled since the start of this year, according to new data published today by campaign group Transport & Environment. By the end of the year they will represent 10% of vehicle sales, rising to 15% by in 2021. This is up from just 2% early last year.
There are now 130 electric vehicle models on sale in Europe, up from just a handful two years ago. By next year one in every seven cars in Europe will be a plug-in.
The reason for the sudden increase is clear. New average fleet CO2 limits kicked in at the start of the year in the European Union, limiting emissions from passenger cars to 95 grams of CO2 per kilometre. This is down from the 30g CO2/km limit required