This new report argues that large-scale electrification could halve Europe’s fossil fuel import dependency by 2040, reshaping the continent’s energy security outlook. The study contends that shifting transport, heating, and industry to electricity—through EVs, heat pumps, and electrified processes—could reduce EU fossil imports from 58% to around 30% by 2040. However, this raises questions about cost, system readiness, and whether […]
