Europe's push for electrification could include the ban of gas and diesel car sales within two decades. Lawmakers in the European Union (EU) are set to propose new measures today that will accelerate the ban of internal combustion engines, according to Reuters.
The great reset of transportation, or rather a clean overhaul of vehicles, is part of new measures to reduce carbon emissions by 55% from 1990s levels by 2030. By 2050, Europe plans to become the world's first net-zero emissions continent.
... and good luck with those targets - lawmakers usually overpromise and underdeliver.
We've noted multiple times that the EU's green energy policy targets are hogwash and will likely not be met (read: here & here).
So today, the European Commission (EC), the executive branch of the European Union responsible for proposing legislation, will unveil binding emission targets that could make internal combustion engines illegal for sale across the 27-country bloc by 2035 or 2040.
Nick Parker, a managing director at consultancy AlixPartners, said that most carmakers' models two decades from now will be "electrified." He said, "the question is whether they (the EU) might try to force the journey along the way or leave it up to individual carmakers to decide that path for themselves."
Bloomberg said, "the new vehicle emission targets would be a significant tightening compared with the existing fleet-wide emissions goals, which require a 37.5% reduction from 2030 for cars. Passenger cars account for about 12% of total EU CO2 emissions."
Barclays Plc has doubts about the proposed emissions reduction target by 2030. The bank finds it challenging for automakers to achieve a 55% reduction in carbon emissions by 2030 even with hybrids, adding that future government policy could spur further adoption of battery-electric vehicles.
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