Negotiators reported that the European Union reached a deal on Thursday to phase out new CO2-emitting vehicles by 2035. The European Union’s transition to a carbon-neutral future is supported by the discussions between representatives of the European Council, which represents the 27 member states, and the European Parliament, which began on Thursday.
The leader of the European Parliament’s environment commission, French MEP Pascal Canfin, tweeted that talks on CO2 rules for cars had just concluded. “Historic (EU) decision for the environment that unequivocally confirms the objective of fully zero-emission vehicles by 2035 with transitional phases between 2025 and 2030.”
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Currently, cars contribute roughly 15% of all CO2 emissions in the EU, while transportation as a whole contributes about 25%. The agreed-upon language asks for bringing CO2 emissions from new cars in Europe to zero by 2035, based on a suggestion made by the EU executive in July 2021. By that time, sales of new gasoline and diesel automobiles, light trucks, and hybrids in the bloc will effectively cease in favor of all-electric vehicles.
Ursula von der Leyen, president of the European Commission, hailed the deal as “a vital milestone to achieving our 2030 climate target.” For “niche” producers, or those turning out fewer than 10,000 automobiles annually, there is a waiver. These cars are permitted to be supplied with a combustion engine until the end of 2035, and this provision is sometimes referred to as the “Ferrari amendment” because it will assist luxury brands in particular.
The decision was “very far-reaching,” according to Oliver Zipse, CEO of BMW and president of the European Automobile Manufacturers Association (ACEA). Providing these zero-emission vehicles and vans is a challenge, but the European automotive sector is up to it, he insisted.
However, Zipse continued, there was still work to be done for the sector to reach this goal, including having “ample renewable energy, a smooth private and public charging infrastructure network, and access to raw materials.” The 2035 ban on all internal combustion engines had been approved by the European Parliament in June.
Because of their concern for the expensive burden they will place on EU manufacturers competing against international rivals with looser targets, conservative MEPs and Germany had expressed resistance to certain of the targets.
Currently, 12 percent of new automobiles sold in the European Union are electric cars. As energy prices rise and more environmentally friendly traffic laws become the norm, buyers are moving away from CO2-emitting models.
The largest auto market in the world, China, wants at least half of all new vehicles to be an electric, plug-in hybrid, or hydrogen-powered by 2035. The above-mentioned content was not produced by Barron’s news division. The AFP produced this article. Go to AFP.com for more.