The think tank refers to this trio of technologies as electrotech.
Three years on, Europe is still hooked on foreign supplies of oil and gas.
Many European states cater to the majority of their primary energy needs from these fossil fuel imports.
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Europe has more than halved its imports of Russian fossil fuels since Moscow invaded Ukraine.
But in the process, it has shifted its dependencies across the Atlantic.
The EU imported more oil and gasfrom the USthan any other country in 2024.
Concerns over this dependence have grown since Donald Trumps reelection.
Faced with increasingly volatile global markets, electrotech offers the fastest escape route, said Bond.
By cutting oil use in road transport,EVscould reduce fossil fuel imports by a third.
Scaling up solar and wind could slash another 23%.
Using heat pumps instead of imported fossil fuels to heat buildings would cut a further 14%.
Fossil fuels must be imported and burned without pause.
Rapid adoption of electric technologies will also be crucial to meeting the EUs target of carbon neutrality by 2050.
Europes digital sovereignty will be a hot topic atTNW Conference, which takes place on June 19-20 in Amsterdam.
Tickets for the event arenow on sale use the code TNWXMEDIA2025 at the check-out to get 30% off.
Story bySion Geschwindt
Sion is a freelance science and technology reporter, specialising in climate and energy.
