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Strategies & Market Trends : The Art of Investing
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From: Sun Tzu2/14/2023 10:17:55 AM
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EU lawmakers approve effective 2035 ban on new fossil fuel cars


BRUSSELS, Feb 14 (Reuters) - The European Parliament on Tuesday formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035, aiming to speed up the switch to electric vehicles and combat climate change.

The landmark rules will require that by 2035 carmakers must achieve a 100% cut in CO2 emissions from new cars sold, which would make it impossible to sell new fossil fuel-powered vehicles in the 27-country bloc.

reuters.com
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