What's Happening?
The European Union has revised its plan to ban new combustion engine cars by 2035, now allowing 10% of new vehicles to be plug-in hybrids or have internal combustion engines. This change comes after pressure from car manufacturers facing high energy costs
and competition from China. The EU's decision is seen as a setback for climate change efforts, as cars and vans contribute significantly to greenhouse gas emissions. The revised plan includes a 90% tailpipe emissions reduction target, with the remaining emissions to be offset by low-carbon technologies.
Why It's Important?
The EU's decision to alter its combustion engine ban could have significant implications for global climate policy and the automotive industry. It may slow the transition to electric vehicles, affecting emissions reduction targets and the EU's commitment to becoming carbon-neutral by 2050. The move could also influence other regions' environmental policies and impact the global automotive market, particularly in terms of competition and innovation in electric vehicle technology.
