EU approves effective ban on new fossil fuel cars from 2035

BRUSSELS, Oct 27 (Reuters) – The European Union reached agreement on Thursday on a law effectively banning the sale of new petrol and diesel cars from 2035, aimed at accelerating the shift to electric vehicles and tackling climate change. climatic.

Negotiators from EU countries and the European Parliament, both of which must approve new EU laws, as well as the European Commission, which drafts new laws, have agreed that carmakers must achieve a reduction in 100% CO2 emissions by 2035, which would make it impossible to sell new fossil fuel vehicles in the 27 country bloc.

“This deal is good news for motorists…new zero-emission cars will become cheaper, making them more affordable and more accessible to everyone,” said Parliament’s chief negotiator, Jan Huitema.

EU climate policy chief Frans Timmermans said the deal sends a strong signal to industry and consumers. “Europe is embracing the shift to zero-emission mobility,” he said.

The deal also included a 55% reduction in CO2 emissions for new cars sold from 2030 compared to 2021 levels, well above the existing target of a 37.5% reduction by then. .

New vans must meet a 100% CO2 reduction by 2035 and 50% by 2030 from 2021 levels.

As regulators increase pressure on automakers to reduce their carbon footprint, many have announced investments in electrification. Volkswagen (VOWG_p.DE) boss Thomas Schaefer said this week that from 2033 the brand will only produce electric cars in Europe.

Yet the EU legislation met with some resistance when it was proposed in July 2021, with European automotive industry association ACEA warning against banning a specific technology and calling for internal combustion engines and hydrogen vehicles play a role in the low carbon transition.

Negotiators agreed on Thursday that the EU will draft a proposal on how cars running on “CO2 neutral fuels” could be sold after 2035.

Small automakers producing less than 10,000 vehicles a year can negotiate lower targets until 2036, when they would face the zero emissions requirement.

The law is the first to be finalized from a broader set of new EU policies, designed to meet the bloc’s targets for reducing greenhouse gas emissions.

Brussels is seeking agreements on two more laws in the package in time for UN climate talks in November, in a bid to show that despite a looming recession and soaring energy prices, the bloc is pursuing its climate goals.

Reporting by Kate Abnett; Editing by Josie Kao and Marguerita Choy

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