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Ban on the sale of combustion engine cars in Europe?

The European Parliament has agreed that new cars with internal combustion engines will not be allowed to be sold from 2035.

The stricter CO2 emission standards are intended to force car companies to stop producing cars with internal combustion engines and focus on electric vehicles.

The topic of electromobility is a big topic of late. A large number of car companies are investing heavily in factories producing batteries for electric cars and see a future in this direction. Now, the European Parliament is confirming their efforts and announcing the end of the sale of cars with internal combustion engines after 2035.

The measure applies only to new cars

The approved proposal foresees an end to the sale of new cars and light commercial vehicles with internal combustion engines from 2035. The measure would apply only to new cars, and people would continue to be able to use older vehicles with internal combustion engines and buy them on the used car market.

EV charging electric car

Read also: G-7 countries take steps towards cleaner energy

However, this move will also affect used cars, because if this regulation is not changed already, we can expect used cars to become more expensive, as this will be the only way to get a car with an internal combustion engine. At the same time, there will be great pressure to open new mining facilities to obtain the necessary raw materials for electric batteries. As we can see from reports from around the world, car manufacturers are already struggling to secure a stable and sufficient supply of lithium and other raw materials.

This move is part of a long-term strategy

Tighter rules on car emissions are part of the Fit for 55 climate package, which aims to achieve a 55% reduction in greenhouse gas emissions by 2030 compared to 1990 levels. The package is designed to help achieve carbon neutrality by 2050 and is part of the EU’s Green Deal strategy.

Fit for 55 proposes, among other things, changes to the emissions trading system, carbon offsetting at borders, and changes to land use and forestry. It also includes support measures such as the creation of a social fund or an increase in the modernization and innovation fund.

According to the report voted on by MEPs today, there are now more than a billion fossil fuel vehicles in the world, which produce more than 30% of the world’s CO2 emissions.

Bruno is an Investment enthusiast with several years of experience in the industry. He enjoys following the latest news and technology trends...

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