Electric vehicles target and supporting policies

In December 2020, the EC published the Sustainable and Smart Mobility Strategy, highlighting the milestones to reach its climate neutrality goal by 2050. The strategy aims to reach 30 million zero-emission vehicles by 2030 and for almost all light-duty vehicles and new heavy-duty vehicle to be zero-emission by 2050.

According to the European Automobile Manufacturers’ Association (ACEA), on the national level, most EU MSs offer a set of tax benefits and financial incentives to accelerate the uptake of EVsand infrastructure. The tax benefits tackle acquisition tax, ownership tax and company car-related taxes. The acquisition tax is a one-time tax imposed at the point of purchase of a vehicle, while the ownership tax is an annual tax to keep a v