the bongino report

EU Approves Ban on Sales of Gas Cars by 2035, Requires 100% Reduction in CO2

The European Parliament has officially approved a law that will end the sale and use of diesel-powered vehicles in Europe by 2035. This law calls for a 100% reduction in carbon dioxide emissions for all new cars. Reuters.

The 27-nation bloc agreed to the changes in October 2022However, the agreement has been formalized. It requires a 55% decrease in vehicle emissions by 2030. The CO2 levels for 2021 were set at 37.5%.

Vans will gain a slight market advantage, with a 50% reduction in their costs by 2030, compared to 2021 levels.

Ford and Volvo had just announced their plans for May 2022 a few months earlier. signed a joint correspondence Together with 26 other companies, we asked the European Union for a similar plan.

According to EU officials, the EU’s target of 2035 was justified based on an average vehicle lifespan that is 15 years. This would allow the EU reach net zero emission by 2050.

“The operating costs of an electric vehicle are already lower than the operating costs of a vehicle with an internal combustion engine,” Jan Huitema (lead negotiator of the carbon-cutting rules) says it.

Companies with fewer than 10,000 vehicles per year can negotiate lower targets up to 2036. However some companies are willing to enforce this change.

Volkswagen Vow in October 2022 To produce electric cars only in Europe starting in 2033. This is after previously declaring that it would strive for a range of 2033-2035.

Five countries, however, were included in the June 2022 list. Looking to delay At least five years from now, electric-only cars will be the norm. Bulgaria, Italy Portugal, Romania, Slovakia, and Slovakia all called for a 90% reduction in CO2 emissions by 2035. This was in addition to the 100% target being extended to 2040. Light commercial vehicles will need to meet 80% by 2035 before they can also be cut completely by 2040.

Officials from Bulgaria had stated that the EU must reconsider the economic cost of switching to electric, and the effects that it would have on the countries that are poorer.

At the moment, laws governing electric vehicle chargers in the Union are in negotiations.

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