The European Union Agrees to the End of Sales of New Thermal Cars by 2035
Come check out our article to learn about the EU's decision to ban the sale of thermal vehicles in Europe after 2035 and why this is such a watershed moment.
Europe has always been deeply committed to the support of environmental protection. The strong will of European countries to fight global warming and greenhouse gas emissions more effectively has been evident in recent years. This desire has resulted in a number of decisions, including the carbon tax and, more recently, the restriction on the age of vehicles on the road. Moreover, the European Union (EU) is pushing harder in its fight with increasingly harsh measures.
The European Automotive Sector Has Undergone a Transformation
The European Parliament voted in June 2022 on a historic text prohibiting the sale of thermal vehicles in Europe after 2035. The text is part of the "Fit for 55" legislative package, which should allow the EU to meet its climate goals of reducing CO2 emissions by 55% by 2030 compared to 1990, and then aiming for climate neutrality by 2050.
The EU's decision is a watershed moment for the automotive industry, which can no longer afford to turn a blind eye and postpone its transformation. While some manufacturers have taken the lead in recent years, others will have to fight to maintain their position in the automobile market by offering electric vehicles that meet the quality and positioning standards imposed by other businesses’ thermal vehicles.
A Ban, but Not for Everyone
Thanks to an amendment added in the text, manufacturers of luxury vehicles are exempted from going “zero carbon emissions.” This so-called "Ferrari" amendment states that car models produced in quantities of less than 1,000 units per year are exempt from the ban. This amendment was proposed by the Italian automobile industry in order to protect certain economic jewels. The Italian authorities justified this stance by making it more difficult for top-of-the-line models to switch to electric motorization while still making a profit.
The question now is what aid mechanisms will be put in place by European countries to allow the most modest households to purchase new vehicles, as the cost of electric cars is prohibitively expensive for a large portion of the European population.
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