The difficult period we are currently living through has pushed us all to reinvent and challenge ourselves.
Respect for the environment and ecosystems is more in the news than ever and this will no doubt need to become a top priority if we are to emerge victorious from this unprecedented battle.
The European Union wants to take advantage of the crisis to strengthen its European Green Deal strategy, in which emissions standards play an important role.
Tough requirements will therefore continue to apply, with a 2021 target for manufacturers of an average of 95 g of CO2. Large fines are to be expected if this target is not met, i.e. €95 per additional gram for each vehicle sold.
Example:
A manufacturer exceeds its target by 2 g (97 g instead of 95 g) and achieves 500,000 vehicle registrations over the course of the year.
Fine incurred: ((95 x 2) x 500,000) = €95 million!
The very high level of these fines means that a drastic reduction in CO2 emissions is needed.
What will change?
We will probably see an increasing number of alternative engine vehicles on the market, with low or no direct CO2 emissions:
- Petrol and diesel vehicles using micro-hybrid systems.
- Hybrid and plugin hybrid vehicles.
- Fully electric vehicles.
- Hydrogen vehicles eventually.
In Luxembourg, this hypothesis is corroborated by the CO2 forecast produced by FEBIAC & Deloitte:
In 2030, electric vehicles – EVs as well as hybrids – will account for more than 50% of the Luxembourg vehicle fleet!
In order to achieve this target, the Luxembourg government is already subsidising the purchase of electric vehicles through subsidies that are among the most generous in Europe:
- €8,000 for electric vehicles
- €2,500 for hybrid vehicles (CO2 emissions less than or equal to 50 g/km)
These subsidies help to increase the market penetration of electric vehicles by making them more affordable.
Electric vehicles are therefore attractive and their market shares are likely to increase significantly in the very near future.
ALD has understood and anticipated this and now offers ALD Electric – an electric mobility solution that is flexible, comprehensive and unconstrained (offered in partnership with Enovos Services Luxembourg):
- Advice on electric mobility and charging infrastructure.
- Public and private charging services for companies and their resident or cross-border employees.
- Management of an all-inclusive energy supply and adequate operational services.
- A solution that goes beyond frontiers.
ALD Automotive is also seeing an increase in orders for this type of vehicle, with more than 30% of leasing demand being for electric or hybrid vehicles since 2020.
ALD Electric is the all-in-one electric mobility solution that goes beyond borders!
Full details of the ALD Electric solution are available at our dedicated web page: https://www.aldautomotive.lu/en/leasing/ald-electric
by Alexandre Fartzoff.
Sources:
https://eur-lex.europa.eu/legal-content/FR/TXT/PDF/?uri=CELEX:32019R0631&from=EN
Febiac & Deloitte.