Interest in electric and hybrid cars is growing, supported by lower fuel costs. Most consumers prefer to charge their car at home, according to a Deloitte study. On the other hand, range concerns, charge time, and lack of charging infrastructure remain the main reasons why consumers are reluctant to electric vehicles.
Sales of battery electric vehicles (BEVs) in the key European markets rose by 28% in 2022 from the previous year while global BEV sales grew by 70% year-on-year in 2022. It is estimated that electric vehicles beat internal combustion vehicles in terms of total cost of ownership, even at current electricity prices, according to PwC.
Romania has set ambitious targets to reduce greenhouse gas emissions by 78% by 2030 and achieve climate neutrality by 2050.
Holcim Romania has made an investment of over €700,000 in the Stăncești aggregates plant.
Greenvolt Next entered the local market in the last quarter of 2023, supporting Romanian companies with innovative solutions for generating and consuming electricity through customized photovoltaic systems (rooftop, ground-mounted, carports), energy efficiency interventions, solar storage, and electric mobility.
The European Commission has approved, under EU State aid rules, a €400 million Austrian State aid scheme, and a €36 million Lithuanian State aid scheme, to support the production of renewable hydrogen through the European Hydrogen Bank's “Auctions-as-a-Service” tool for the auction closing in 2025.
PGE Polska Grupa Energetyczna has contracted LG Energy Solution Wrocław to build a 262 MW, 981 MWh electricity storage facility in Żarnowiec, valued at €372 million. Completion is expected by Q2 2027.
