Greater investment in electric transportation infrastructure is needed to lower carbon dioxide emissions on European roads, according to DWS.
Transportation currently is responsible for 26 percent of carbon dioxide emissions in Europe. Richard Marshall, head of infrastructure research at DWS, explained that targeted investments are urgently needed to transform existing infrastructure to allow for rapid decarbonization, with a prime example being the transition to electric mobility.
Europe accounts for one-third of the global electric vehicle (EV) car fleet and houses a fifth of the charging stations. However, there is a shortfall in capital needed to meet the significant need for charging points, stemming partially from the lack of government support for infrastructure investors.
To meet the E.U. sector target for reducing greenhouse gas emissions by the end of the decade, an estimated 42.8 million EVs need to be on European Union roads by 2030. In addition, the