EU rolls back 2035 internal combustion engine ban
PositiveFinancial Markets

- The European Union has proposed amendments to a 2023 law that aimed to ban the sale of new internal combustion engine cars by 2035, now allowing a 90% reduction in CO2 emissions instead of a complete ban. This change permits limited production of petrol and hybrid vehicles, reflecting the auto industry's push for more flexible regulations amid slow electric vehicle market growth.
- This development is significant for carmakers as it provides them with the opportunity to continue producing combustion engine vehicles, which may help stabilize their operations and address consumer demand for traditional vehicles while transitioning to greener alternatives.
- The decision highlights ongoing tensions within the EU regarding environmental regulations, as the trucking industry faces challenges in meeting zero emissions targets, and automakers express concerns over stringent regulations. This reflects a broader debate on balancing environmental goals with economic realities in the automotive sector.
— via World Pulse Now AI Editorial System
