Open Source Securities pointed out that the European Commission proposal adjusted the 2035 emission reduction target, but we do not expect this proposal to affect the long-term trend of electrification in Europe. Instead, the proposal will give “super points” to small electric vehicles and limit the share of zero-emission models used by enterprises to further boost sales of electric vehicles in Europe. Furthermore, from the end of 2025 to 2026H1, new generation pure electric models from various car companies will be introduced to the market one after another, and the new models are expected to drive the European tram market.

Open Source Securities pointed out that the European Commission proposal adjusted the 2035 emission reduction target, but we do not expect this proposal to affect the long-term trend of electrification in Europe. Instead, the proposal will give “super points” to small electric vehicles and limit the share of zero-emission models used by enterprises to further boost sales of electric vehicles in Europe. Furthermore, from the end of 2025 to 2026H1, new generation pure electric models from various car companies will be introduced to the market one after another, and the new models are expected to drive the European tram market.