The European Commission presented a non-legislative Electrification Action Plan on 17 July 2026, initially announced in the AccelerateEU package in response to the energy crisis and as part of the Clean Industrial Deal. An EU-wide indicative electrification target of 46 % of final energy consumption by 2040 is proposed, as part of a plan to decarbonise transport, buildings and industries. For a decade, EU’s electrification rate has remained stagnant at 23 %.
Stay ahead in renewable energy and carbon markets.
Sign up to receive expert analysis, market insights, and key policy updates—straight to your inbox, for free.
Veyt specialises in data, analysis, and insights for all significant low-carbon markets and renewable energy.