EU sets first-ever electrification target: 46% of final energy use by 2040

Published Jul 17, 10:33 AM UTC

The European Union has announced its first-ever electrification target, aiming for electricity to account for 46% of final energy use by 2040. This represents roughly a doubling of the current share of electricity in the EU's energy mix. The target is part of broader efforts to decarbonize the economy and reduce reliance on fossil fuels, aligning with the EU's climate goals. The policy signals a major shift towards electrifying sectors such as transport, heating, and industry. The announcement was made on July 17, 2026, and reflects the EU's commitment to accelerating the energy transition.