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Study: Diesel Sales in EU Could Sag to 5% by 2030
Demand for diesels within the European Union, which slid from 52% of the market in 2015 to 45% last year, could shrink to only 5% by 2030, according to management consultants AlixPartners LLP.
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Demand for diesels within the European Union, which slid from 52% of the market in 2015 to 45% last year, could shrink to only 5% by 2030, according to management consultants AlixPartners LLP.
The Southfield, Mich.-based firm’s analysis says the slide in diesels leaves electric and hybrid power sources the industry’s “only answer” to meet tightening emission limits.
EU rules require an average reduction in carbon dioxide emission of nearly 5% through 2021. But the study notes that last year overall CO2 emissions in the EU rose slightly. One reason is the accelerating decline in diesel sales, the report says.
Diesels emit less CO2 than do gasoline engines. But taming their output of harmful soot and nitrogen oxides is making them an increasingly expensive solution.
AlixPartners notes that public interest in diesels has been hurt by the nearly 3-year-old Volkswagen diesel emission cheating scandal. Efforts by cities to ban diesels, coupled with rising taxes on such vehicles, also continue to erode sales.
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