The European Commission remains committed to its 2035 target for all new cars and vans sold in the EU to be zero-emission, despite giving automakers more time to comply with intermediate emission targets.
The European auto industry could lose billions in investment capacity if the European Commission fails to provide clear political direction by the end of 2024.
Two European electric transport groups are urging the European Union to reject automakers’ efforts to weaken 2025 CO2 emission targets and related fines, citing concerns about Europe falling behind China in the electric vehicle market.
