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28 Oct, 2022 15:19

EU approves gasoline car ban

Carmakers will soon face new regulations, obliging them to achieve a 100% cut in CO2 emissions by 2035
EU approves gasoline car ban

The EU has reached an agreement that would oblige carmakers to achieve a 100% cut in CO2 emissions by 2035. The measure would effectively ban the sale of new petrol and diesel-fueled cars in the bloc starting from that year.

The deal was struck on Thursday between negotiators from EU member states, the European Parliament, and the European Commission, which all must agree when a new law is to be adopted within the EU.

The European Commission welcomes the agreement reached last night by the European Parliament and Council ensuring all new cars and vans registered in Europe will be zero-emission by 2035,” the Commission said in a press release following the deal’s announcement.

The agreement also included a 55% cut in CO2 emissions for new cars sold from 2030 against 2021 levels, which exceeds the existing target of a 37.5% reduction.

EU climate policy chief Frans Timmermans said the agreement is a signal to all that “Europe is embracing the shift to zero-emission mobility.

According to the press release, the new regulation aims “to make the EU's transport system more sustainable, provide cleaner air for Europeans, and marks an important step in delivering the European Green Deal.”

The agreement is provisionary and now requires formal adoption by both the European Parliament and the EU Council. The timeframe for this is so far unclear.

For more stories on economy & finance visit RT's business section

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