European Commission unveils electrification action plan

The European Commission has announced a new Electrification Action Plan for the EU.

• The plan proposes an indicative electrification target of 46% by 2040 and sets out actions on grid charges, taxation, storage, renewables, transport, buildings, industry, skills, and global cooperation.
• It includes several concrete follow-up measures, such as a legislative proposal on network charges, new network codes in 2026, a common Union rating scheme for data centers, and support for storage, heat pumps, EV charging, and cross-border electricity contracts.
• The text is a formal Commission communication, not a speech or opinion piece, and it references related initiatives including RED III, AFIR, ETS2, Tripartite Agreement on Storage, and Electrify Now.