EMEA > Europe > Electrification could slash fossil fuel use, save EU €29 bln a year -report

Electrification could slash fossil fuel use, save EU €29 bln a year -report

Published 16:37 on December 1, 2025 / Last updated at 17:13 on December 1, 2025 / / EMEA (Europe), Net Zero Transition (Industrial Decarbonisation, Power/Electrification, Transport & Heating Fuels)

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Doubling the rate of electrification by 2040 could slash the EU’s fossil fuel use, cut import dependence by about two-thirds, and deliver net annual savings of €29 billion compared with a business-as-usual pathway, according to a new report.
Doubling the rate of electrification by 2040 could slash the EU’s fossil fuel use, cut import dependence by about two-thirds, and deliver net annual savings of €29 billion compared with a business-as-usual pathway, according to a new report.


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