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Released November 09, 2022 | GALWAY, IRELAND
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Written by Martin Lynch, European News Editor for Industrial Info (Galway, Ireland)--The sale of new cars and vans fuelled by petrol and diesel will be banned in the European Union (EU) from 2035.
The move will greatly accelerate the move to electric vehicles (EVs) and help the region achieve its ambitious climate goals, the European Commission (EC) stated.
The EC, which drafts new laws, has reached an agreement with the European Parliament and Council to ensure that all new cars and vans registered in Europe will be zero-emission by 2035. In the meantime, carbon dioxide (CO2) emissions rules will be tightened to require average emissions of new cars to come down by 55% by 2030, and new vans by 50% by 2030. It said that the move is the first first step in the adoption of the "Fit for 55" proposals, a sweeping set of climate change legislation proposed last year to ensure the region achieves climate neutrality by 2050.
"The agreement sends a strong signal to industry and consumers: Europe is embracing the shift to zero-emission mobility," said EC Executive Vice President for the European Green Deal Frans Timmermans. "European carmakers are already proving they are ready to step up to the plate, with increasing and increasingly affordable electric cars coming to the market. The speed at which this change has happened over the past few years is remarkable. It is no wonder that this file is the first one in the entire Fit for 55 package where Member States and the European Parliament have come to a final deal."
A day before the EC announced the agreed phase out for fossil-fuel powered vehicles, car major Volkswagen AG (Wolfsburg, Germany) announced that from 2033 at the latest, it will only produce EVs in its European factories. The company has been very active in converting production lines at its existing plants to handle its major switch to EVs as well as investing in new EV battery plants and making deals with Europe's leading battery maker Northvolt (Stockholm, Sweden). In April, VW and its subsidiary SEAT car company unveiled a 7 billion euro (US$6.93 billion) plan to build an EV battery cell plant in Spain. The so-called Gigafactory Valencia plant will be located near the small town of Sagunt, 25 kilometers from Valencia and will, if successful, have a battery production capacity of 40 gigawatt-hours (GWh) per year. For additional information, see April 4, 2022, article - Volkswagen To Build $7 Billion Battery Plant in Spain. VW plans to build six gigafactories in Europe with an annual capacity of 240 GWh, with partners.
The revision of the CO2 emission standards for cars and vans is one of the "Fit for 55" proposals presented by the Commission in July 2021 to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. The new interim CO2 emissions targets for cars and vans in 2030 are stricter than originally proposed.
The European Automobile Manufacturers' Association (ACEA) urged policymakers to shift "into higher gear" to deploy the enabling conditions for zero-emission mobility. "This extremely far-reaching decision is without precedent," stated Oliver Zipse, ACEA president and chief executive officer of BMW. "It means that the European Union will now be the first and only world region to go all-electric. Make no mistake, the European automobile industry is up to the challenge of providing these zero-emission cars and vans. However, we are now keen to see the framework conditions which are essential to meet this target reflected in EU policies. These include an abundance of renewable energy, a seamless private and public charging infrastructure network, and access to raw materials."
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
The move will greatly accelerate the move to electric vehicles (EVs) and help the region achieve its ambitious climate goals, the European Commission (EC) stated.
The EC, which drafts new laws, has reached an agreement with the European Parliament and Council to ensure that all new cars and vans registered in Europe will be zero-emission by 2035. In the meantime, carbon dioxide (CO2) emissions rules will be tightened to require average emissions of new cars to come down by 55% by 2030, and new vans by 50% by 2030. It said that the move is the first first step in the adoption of the "Fit for 55" proposals, a sweeping set of climate change legislation proposed last year to ensure the region achieves climate neutrality by 2050.
"The agreement sends a strong signal to industry and consumers: Europe is embracing the shift to zero-emission mobility," said EC Executive Vice President for the European Green Deal Frans Timmermans. "European carmakers are already proving they are ready to step up to the plate, with increasing and increasingly affordable electric cars coming to the market. The speed at which this change has happened over the past few years is remarkable. It is no wonder that this file is the first one in the entire Fit for 55 package where Member States and the European Parliament have come to a final deal."
A day before the EC announced the agreed phase out for fossil-fuel powered vehicles, car major Volkswagen AG (Wolfsburg, Germany) announced that from 2033 at the latest, it will only produce EVs in its European factories. The company has been very active in converting production lines at its existing plants to handle its major switch to EVs as well as investing in new EV battery plants and making deals with Europe's leading battery maker Northvolt (Stockholm, Sweden). In April, VW and its subsidiary SEAT car company unveiled a 7 billion euro (US$6.93 billion) plan to build an EV battery cell plant in Spain. The so-called Gigafactory Valencia plant will be located near the small town of Sagunt, 25 kilometers from Valencia and will, if successful, have a battery production capacity of 40 gigawatt-hours (GWh) per year. For additional information, see April 4, 2022, article - Volkswagen To Build $7 Billion Battery Plant in Spain. VW plans to build six gigafactories in Europe with an annual capacity of 240 GWh, with partners.
The revision of the CO2 emission standards for cars and vans is one of the "Fit for 55" proposals presented by the Commission in July 2021 to make the EU's climate, energy, land use, transport and taxation policies fit for reducing net greenhouse gas emissions by at least 55% by 2030, compared to 1990 levels. The new interim CO2 emissions targets for cars and vans in 2030 are stricter than originally proposed.
The European Automobile Manufacturers' Association (ACEA) urged policymakers to shift "into higher gear" to deploy the enabling conditions for zero-emission mobility. "This extremely far-reaching decision is without precedent," stated Oliver Zipse, ACEA president and chief executive officer of BMW. "It means that the European Union will now be the first and only world region to go all-electric. Make no mistake, the European automobile industry is up to the challenge of providing these zero-emission cars and vans. However, we are now keen to see the framework conditions which are essential to meet this target reflected in EU policies. These include an abundance of renewable energy, a seamless private and public charging infrastructure network, and access to raw materials."
Industrial Info Resources (IIR) is the leading provider of industrial market intelligence. Since 1983, IIR has provided comprehensive research, news and analysis on the industrial process, manufacturing and energy related industries. IIR's Global Market Intelligence (GMI) helps companies identify and pursue trends across multiple markets with access to real, qualified and validated plant and project opportunities. Across the world, IIR is tracking over 200,000 current and future projects worth $17.8 Trillion (USD).
