The European Parliament passed legislation that requires carmakers to achieve a 100 percent cut in CO2 emissions from new cars sold from 2035. This makes it impossible to sell new combustion-engine vehicles in the 27 EU countries. It would also drive the value of used ICE vehicles into the ground because nobody would want to buy them anymore.
Europe has been discussing phasing out combustion engines since 2021, and European Union countries have agreed to ban the sales of new combustion vehicles starting in 2035. Nevertheless, the decision was not passed into law until Tuesday, when the European Parliament formally approved the decision. This is not the last step, though, thanks to the highly bureaucratic nature of the European Union. To enter into effect, the new law needs final approval, another formal step that is expected to happen in March.
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