The EU Proposes to Ban the Sale of Gasoline Cars by 2035 to Make Way for Electric Vehicles
The European Union (EU) has proposed an effective ban on the sale of new gasoline and diesel cars from 2035. This is part of a broad package of climate change measures that will accelerate the move to zero-emission electric vehicles.
The European Commission, the EU’s executive body, proposed a 55% cut in carbon dioxide (CO2) emissions from cars by 2030 from 2021 levels. Well above the current reduction target of 37.5% of CO2 emissions for that date.
The Commission also proposed a 100% cut in CO2 emissions by 2035; which would make it impossible to sell new vehicles powered by fossil fuels in the block of 27 countries.
Full vehicular electrification is still a long way off
To boost sales of electric vehicles, Brussels also proposed legislation that will force countries to install public charging points. They will have a maximum distance of 60 kilometers along the main roads by 2025.
The deployment of electric vehicles is expected to create 3.5 million public charging stations for cars and vans by 2030; And that that number increases to 16.3 million in 2050.
Aside from the overpricing of a partially or fully electric vehicle, many buyers think so out of fear of insufficient range in the absence of public charging stations.
Automakers announced that they will only accept stricter emissions targets in exchange for a large public investment in chargers.
All Commission proposals must be negotiated and approved by the EU Member States and the European Parliament. The process could take up to two years.
Low-emission car sales soared in Europe last year, despite the Covid-19 pandemic dropping overall vehicle sales. One in nine new vehicles sold was electric or plug-in hybrid.
Some companies have already started their investments to sell electric vehicles
Many automakers announced investments in electrification, partly in anticipation of stricter emissions targets from the EU.
Last month, Volkswagen AG said it would stop selling cars with combustion engines in Europe by 2035. And later as part of its transition to electric vehicles, in China and the United States.
Last week, Stellantis, the world’s fourth-largest automaker, said it will invest more than $ 35 billion by 2025 in electrifying its range.
Consulting firm AlixPartners estimates that between 2021 and 2025, car manufacturers and suppliers around the world will invest $ 330 billion in electrification. 41% more than its estimate of $ 250 billion for the period from 2020 to 2024.
Some European automakers, such as BMW and Renault, invested heavily in plug-in hybrids. This, to help consumers who distrust electricity to feel comfortable with this technology.
They have spent many billions of euros on this technology and argue that plug-in hybrids are also necessary due to insufficient public charging infrastructure.