Dubai Telegraph - EU strikes deal to ban combustion-engine cars by 2035

EUR -
AED 4.381992
AFN 78.750894
ALL 96.772834
AMD 453.127673
ANG 2.135904
AOA 1094.155023
ARS 1723.006224
AUD 1.703048
AWG 2.147741
AZN 2.027312
BAM 1.958039
BBD 2.409237
BDT 146.15714
BGN 2.003807
BHD 0.449939
BIF 3543.827792
BMD 1.193189
BND 1.513334
BOB 8.264659
BRL 6.197065
BSD 1.196143
BTN 110.049154
BWP 15.598819
BYN 3.379033
BYR 23386.513916
BZD 2.405733
CAD 1.613288
CDF 2693.62495
CHF 0.916376
CLF 0.025958
CLP 1024.95004
CNY 8.290757
CNH 8.289248
COP 4358.721191
CRC 591.863639
CUC 1.193189
CUP 31.619521
CVE 110.393555
CZK 24.34441
DJF 213.004295
DKK 7.467153
DOP 75.15697
DZD 154.308073
EGP 56.001272
ERN 17.897842
ETB 185.122907
FJD 2.620781
FKP 0.864978
GBP 0.867162
GEL 3.215635
GGP 0.864978
GHS 13.067272
GIP 0.864978
GMD 87.697079
GNF 10497.500171
GTQ 9.177688
GYD 250.242459
HKD 9.315768
HNL 31.595737
HRK 7.533438
HTG 156.800337
HUF 381.275947
IDR 20028.222449
ILS 3.690338
IMP 0.864978
INR 109.703873
IQD 1563.674821
IRR 50263.107265
ISK 144.99605
JEP 0.864978
JMD 187.688003
JOD 0.845975
JPY 183.732053
KES 154.243589
KGS 104.344067
KHR 4800.801608
KMF 491.594467
KPW 1073.96939
KRW 1718.932363
KWD 0.365955
KYD 0.996727
KZT 600.839544
LAK 25677.437566
LBP 107117.524012
LKR 370.074058
LRD 221.3444
LSL 18.780413
LTL 3.523179
LVL 0.721749
LYD 7.487269
MAD 10.834074
MDL 20.11961
MGA 5321.625216
MKD 61.62671
MMK 2505.752956
MNT 4256.95142
MOP 9.615976
MRU 47.572579
MUR 54.20683
MVR 18.434798
MWK 2072.570214
MXN 20.625111
MYR 4.698727
MZN 76.065949
NAD 18.864464
NGN 1658.366152
NIO 43.187477
NOK 11.432366
NPR 176.101211
NZD 1.969586
OMR 0.458787
PAB 1.196098
PEN 3.989425
PGK 5.083586
PHP 70.333154
PKR 333.88428
PLN 4.210294
PYG 8026.784566
QAR 4.344522
RON 5.097187
RSD 117.389486
RUB 90.086234
RWF 1733.107728
SAR 4.475517
SBD 9.614842
SCR 16.593195
SDG 717.661496
SEK 10.535953
SGD 1.512051
SHP 0.895201
SLE 29.08404
SLL 25020.586042
SOS 681.867426
SRD 45.34538
STD 24696.61331
STN 24.609533
SVC 10.465837
SYP 13196.168479
SZL 18.855865
THB 37.48407
TJS 11.171609
TMT 4.188095
TND 3.373445
TOP 2.872914
TRY 51.903862
TTD 8.118318
TWD 37.534758
TZS 3072.463155
UAH 51.192889
UGX 4254.972804
USD 1.193189
UYU 45.262709
UZS 14550.945781
VES 437.717685
VND 30924.48849
VUV 142.715687
WST 3.23879
XAF 656.694211
XAG 0.011511
XAU 0.000235
XCD 3.224654
XCG 2.155638
XDR 0.816792
XOF 653.27021
XPF 119.331742
YER 284.461217
ZAR 19.03704
ZMK 10740.145808
ZMW 23.653834
ZWL 384.206528
  • SCS

    0.0200

    16.14

    +0.12%

  • GSK

    0.4700

    51.125

    +0.92%

  • RBGPF

    1.3800

    83.78

    +1.65%

  • AZN

    0.1350

    92.725

    +0.15%

  • CMSD

    0.0150

    24.075

    +0.06%

  • NGG

    -0.1150

    84.935

    -0.14%

  • BCC

    -1.0000

    79.17

    -1.26%

  • RIO

    -2.6000

    92.53

    -2.81%

  • BCE

    -0.0250

    25.46

    -0.1%

  • RYCEF

    -0.4300

    16

    -2.69%

  • JRI

    0.0300

    12.985

    +0.23%

  • CMSC

    0.0050

    23.7

    +0.02%

  • VOD

    -0.0450

    14.665

    -0.31%

  • RELX

    -0.1600

    36.005

    -0.44%

  • BTI

    -0.2700

    59.94

    -0.45%

  • BP

    0.0300

    38.07

    +0.08%

EU strikes deal to ban combustion-engine cars by 2035
EU strikes deal to ban combustion-engine cars by 2035 / Photo: Patrik Stollarz - AFP/File

EU strikes deal to ban combustion-engine cars by 2035

The European Union on Thursday struck an agreement on legislation to phase out new CO2-emitting vehicles by 2035, negotiators announced.

Text size:

The talks between representatives of the European Council, fronting the 27 member states, and the European Parliament started Thursday and underpin the bloc's transition towards a carbon-neutral future.

"We have just finished the negotiations on CO2 standards for cars," tweeted French MEP Pascal Canfin, who heads the European parliament's environment commission.

"Historic (EU) decision for the climate which definitively confirms the target of 100 percent zero emission vehicles in 2035 with intermediary phases between 2025 and 2030."

Cars currently account for about 15 percent of all CO2 emissions in the EU, while transportation overall accounts for around a quarter.

The agreed text, based on a proposal by the EU executive in July 2021, calls for reducing CO2 emissions from new cars in Europe to zero by 2035.

This means a de facto halt to sales of new petrol and diesel cars, light commercial vehicles and hybrids in the bloc by that date, in favour of all-electric vehicles.

European Commission chief Ursula von der Leyen praised the agreement as "a crucial milestone to reach our 2030 climate target".

There is a waiver for "niche" manufacturers, or those producing fewer than 10,000 vehicles per year.

Sometimes called the "Ferrari amendment" as it will benefit luxury brands in particular, these vehicles are allowed to be equipped with a combustion engine until the end of 2035.

- 'Far-reaching' -

BMW CEO Oliver Zipse, who is also the president of the European Automobile Manufacturers' Association (ACEA), said the decision was "extremely far-reaching".

"Make no mistake, the European automobile industry is up to the challenge of providing these zero-emission cars and vans," he said.

But more needed to be done for the industry to meet this target, added Zipse, such as having "an abundance of renewable energy, a seamless private and public charging infrastructure network, and access to raw materials".

The European Parliament had in June voted in favour of the 2035 ban on all vehicles with internal combustion engines.

Conservative MEPs and Germany had shown reluctance over some of the targets, fearing the costly burden they will place on EU automakers competing against global rivals with looser targets.

Currently around 12 percent of new cars sold in the European Union are electric vehicles, with its consumers shifting away from CO2-emitting models as energy costs and greener traffic regulations bite.

Meanwhile, China -- the world's biggest automobile market -- wants at least half of all new cars to be electric, plug-in hybrid or hydrogen-powered by 2035.

G.Gopalakrishnan--DT