The EU's Electrification Action Plan admits electricity is taxed more than gas. Closing that gap is the cheapest lever left for faster electrification.

After months of speculation, the European Commission announced a 46 percent electrification target for the bloc's economy by 2040. The move is intended to cut dependencies on…

The EU's Electrification Action Plan admits electricity is taxed more than gas. Closing that gap is the cheapest lever left for faster electrification.