End of an era: EU to ban sales of ICE vehicles from 2035
On Thursday, October 27, MEPs and European Union member states have reached an agreement to end the sale of ICE (internal combustion engine) vehicles starting from 2035. According to the plan, this measure will reduce CO2 emissions to zero through the use of only electric vehicles.
Accordingly, all petrol, diesel and hybrid vehicles will be banned. The automotive industry currently accounts for 15% of all CO2 emissions in the EU. This June, all the ministers of the environment for the EU member states approved a ban on selling ICE cars.
The current version of the agreement is the first text of the «Fit for 55» European climate package. Its goal is to reduce greenhouse gas emissions in the EU by at least 55% by 2030 compared to 1990. According to European Commission President Ursula von der Leyen, this is a «crucial step» that will «drive innovation and our industrial and tech leadership.»
As for workers in the automotive industry, a transitional fund should be in place by 2025 to compensate them for the negative impact of this law.
