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NEW DATA: Europe is paying a €203 million a day premium for diesel due to geopolitical shocks. With 38% of EU passenger cars being diesel, Europe is uniquely exposed to these disruptions. 🧵👇

Drivers are paying a premium of €30 at the pump. Higher pump prices are squeezing consumers, while higher transport costs push up the price of everything else. Meanwhile, oil companies doubled their latest quarterly profits in Europe at the expense of consumers. 2/

A faster EV ramp up is the only solution to shield Europe from high prices in the long run. This can be achieved through scrappage schemes and tighter vehicle emissions rules. 3/

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Investments in scrappage schemes now will start to pay back quickly. If the current diesel premium continues until Christmas, the EU will have spent the same as offering a €2000 scrappage fee for all diesel cars over 15 years old – which is 30% of diesel cars on the road. 4/

T&E are fine about EVs. But for everything else (aviation, shipping, industry, seasonal energy storage) - they are completely opposed to hydrogen They have lobbied for the tightest possible regulations, blocked any possible #hydrogenimports, and strategically lobby against a decade of EU policy ⬇️

danielrwilliams.medium.comT&E block hydrogen to preserve value for fossil shareholdersTransport & Environment (T&E), one of Europe’s most influential transport and climate NGOs, has built a lobbying record that systematically…