The proposal specifically calls for a 100% reduction in CO2 emissions from new vehicles sold from 2035, something that cannot be achieved with combustion engines.
The European Union statement said the full text of what has been agreed would become available soon. The targets were last revised in 2019.
The European Automobile Manufacturers’ Association (ACEA) which represents the bloc’s car manufacturers said in a statement that policymakers need to move faster to create “enabling conditions” for the targets they are imposing.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today
Register free now to stay up-to-date with the latest industry developments, trends, and analysis, to find in-depth reports and intelligence and to connect with your peers.
Your free registration includes:
Gain access to our exclusive content and features register free today
Non-registered users are able to access two AMS exclusive articles per week. You have now used your allocation.
To continue reading this article and others like it, please SIGN-IN or REGISTER FREE today.
BYD plans a third European plant, eyeing Germany despite high costs, to enhance local production and navigate EU tariffs on China-made EVs.
A McKinsey report warns that Europe’s automotive sector is losing ground in global markets. Without decisive action, its competitive edge may erode even further.
The European Commission is giving automakers until 2027 to comply with strict CO2 targets, offering relief to an industry struggling with EV sales and global competition.
