Report identifies EVs as the key to cutting Finland’s carbon emissions
A new report published by the Finnish Innovation Fund Sitra has identified EVs as a key factor in reducing Finland’s carbon emissions. Sitra’s analysis suggests a 60% reduction in CO2 emissions before 2030 is feasible and it has singled out the electrification of road vehicles as the most cost-effective way of achieving this target. As the cost of producing batteries for EVs comes down, Sitra sees a more than 70-fold increase in the uptake of hybrid and electric passenger cars from the current level of 11 000 vehicles to 800 000 vehicles by 2030. It notes however, that a prerequisite for meeting these targets is large-scale investment over the next five years in the EV charging infrastructure.