It is not the price of the fuel itself that will soon skyrocket, but rather all the taxes around it, warns an expert and predicts a wild price per litre.
A recent agreement in the EU on the emissions trading system ETS2 could have significant consequences for petrol prices across Europe. In Sweden, they fear an uncanny boom.
Although fuel prices are currently relatively low – also at home – experts predict increases after 2027, when the new rules come into force.
In September, the EU decided to introduce a new emissions trading system, ETS2, which will include emissions from road transport and buildings. This means that suppliers of fossil fuels will in future have to pay for their CO2 emissions.
Ronny Svensson, an expert in fuel prices, warns that this could lead to a liter price of 35 Swedish kroner for petrol. This corresponds to 23 Danish kroner.
– Instead of a gradual increase in fuel prices, we get a shock increase. After the turn of the year 2027, fossil fuels will increase by five to six kroner and then continue upwards, says Ronny Svensson.
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The Swedish government has set up an investigation to assess how the reduction obligation should be designed in the future. Environment Minister Romina Pourmokhtari acknowledges that Sweden's emissions are expected to increase in 2024 and that further measures are needed to reach the climate targets.
– More solutions and new proposals are needed to ensure that we reach our climate goals," says Romina Pourmokhtari to Dagens Nyheter .
However, Svensson is critical of the government's approach and believes that the focus on the reduction obligation is a diversionary maneuver. He points out that the EU's emissions trading system has already been decided and that it will have a direct impact on petrol prices.
– All of us who are in the industry understand what will happen. When we start paying for emission rights, it directly affects the price at the pump. It is not something that needs to be investigated, it has already been decided, says Ronny Svensson.
The expert predicts that the price increases will have consequences for both consumers and the used market for cars with fossil engines. The government and the Sweden Democrats have expressed concern for consumers' finances. But Svensson believes that it is already clear that significant price increases are in store.
At the same time, the situation is not much better among electric cars. The tax exemption that currently benefits most electric cars in Denmark must expire in 2035 at the latest. Furthermore, the tax refund on electricity that electric car owners with home chargers currently receive will stop already in 2030.
What's worse, the prices of used electric cars are rattling down with lightning speed at the moment. For example, an otherwise brand new Volvo EX30 loses as much as DKK 40 for every single kilometre. Read more about it here .
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