00:01The European Union's economy should reach a 46% electrification target in transport, industry and buildings by 2040 in order
00:10to cut 260 billion euros per year in imported fossil fuel costs, the EU Commission said on Friday as it
00:18unveiled a set of proposals to ease the process.
00:21The proposed measures include reforms to fees charged by energy network operators, energy taxation and building efficiency.
00:30Brussels is stepping up its electrification efforts as part of a scramble to find quick solutions to offset the loss
00:37of oil and gas from the Strait of Hormuz.
00:39Brussels has recognized that electricity remains more heavily taxed than gas in some EU countries.
00:46This weakens incentives for households and businesses to switch to cleaner technologies such as heat pumps and electric vehicles.
00:54The Commission is proposing a legal principle requiring member states to ensure that electricity is not taxed more heavily than
01:02gas, while leaving governments free to determine the structure of their national tax systems.
01:09lucid and electrical conditions.
01:10IT END
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