Electrification = Energy sovereignty or simply an industrial competitiveness policy?
On 17 July, the European Commission adopted its proposed Electrification Action Plan. At its core is a new target of 46% electrification by 2040, meaning electricity would account for twice its current share of the EU’s energy mix. This appears realistic, but will require new measures, as current policies would raise electrification to only 31%, according to Strategic perspectives. The aim is to send a clear signal to all stakeholders and show the way forward. This new target is expected t