The (WKÖ) is warning of significant fuel price hikes due to the Renewable Energy Act for Transport (EEG-V). A study by Economica, presented by economist Christian Helmenstein, predicts diesel could rise by 95 cents per liter by 2035.
The EEG-V mandates renewable fuel quotas of 18 percent by 2027, 35 percent by 2030, and 65 percent by 2035. These targets include biodiesel and electromobility, assuming a fleet of 25 percent electric vehicles and 75 percent internal combustion engines.
WKÖ Secretary General Jochen Danninger highlights the economic impact, as diesel may reach three euros per liter. The study forecasts a 0.3 percent GDP decline, a 0.56 percent drop in real wages, and a 0.72 percent decrease in consumption across Austria.