"For years, even when electric-vehicle sales weren't consistently on a straight upward trajectory, the global auto industry was steered toward battery power by one overriding factor: the European Union's planned 2035 ban on new internal-combustion vehicles. But that's all reportedly about to go out the window. This week, EU officials, under immense pressure from the auto industry, are expected to unveil a new set of standards that take the gas-car ban off the table."
"EU regulators have sought to end internal-combustion new cars on the continent as part of an ambitious effort to fight climate change. But automakers have long complained that switching to battery-powered and software-driven cars before buyers were ready would effectively destroy the continent's most important manufacturing sector. No country beat this drum louder than Germany, home to Europe's largest auto industry."
EU officials are reportedly poised to remove the planned 2035 ban on new internal-combustion vehicles after substantial pressure from automakers. The regulatory shift would ease near-term constraints on combustion-engine production and relieve concerns about job losses in Europe's manufacturing sector, especially in Germany. The rollback risks slowing adoption of battery-electric vehicles and ceding market share to Chinese automakers that already sell many EVs and hybrids and are expanding production in Europe. A separate analysis indicates that weakening tougher U.S. fuel-economy rules yields little real consumer savings. Chinese automaker BYD is moving into the luxury segment, increasing competitive pressure.
Read at insideevs.com
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