The European Parliament has sanctioned a law that effectively bans the sale of new petrol and diesel cars in Europe beginning in 2035. This step has been taken in order to accelerate efforts to reduce carbon emissions from new passenger vehicles and light commercial vehicles or vans by 100 per cent. Members of the European Parliament applauded the legislation which is in line with Europe’s climate-related policies. By 2025, the European Commission will implement a methodology to assess total carbon emissions from vehicles sold in the European market over their entire lifecycle.
By December 2026, the commission will examine the disparity between emission limit values and real-world fuel and energy consumption data and will further propose appropriate follow-up measures to control excess emissions. Manufacturers who produce 1,000 to 10,000 new cars or 1,000 to 22,000 new vans per year may be granted a derogation until the end of 2035, while those who register fewer than a thousand new vehicles per year would be exempt.
Thus, buying and driving zero-emission vehicles will become more affordable for consumers and will help the secondary market to emerge quickly. It makes environmentally friendly driving accessible to everyone.
In November 2022, the European Commission awarded more than $394 million for 168 climate action ‘green deals’ across Europe. A total investment of more than $584 million would be made under the bloc’s life programme because of the funding, which was approved on November 23, 2022, representing a 27 per cent increase over the budget from the prior year. The programme, according to the EC statement, can help the EU in becoming climate neutral by 2050.