# EU approves effective ban on new fossil fuel cars from 2035 Author: Pal Sinha, Barnali Author URL: https://financedigest.com/author/pal-sinha-barnali Published: 2022-10-28 Category: NEWS Category URL: https://financedigest.com/category/news Meta Title: EU bans petrol and diesel cars by 2035 Meta Description: EU reaches landmark agreement to phase out fossil fuel-powered vehicles, leading to cheaper and more accessible zero-emission cars by 2035. URL: https://financedigest.com/eu-approves-effective-ban-on-new-fossil-fuel-cars-from-2035html ![undefined](https://prod.superblogcdn.com/site_cuid_cm5qst7v3003gwirgwqtxn8i8/images/2022-10-28t071245z1lynxmpei9r07wrtroptp4france-pollution-1736814952321-compressed.jpg) By Kate Abnett BRUSSELS (Reuters) -The European Union struck a deal on Thursday on a law to effectively ban the sale of new petrol and diesel cars from 2035, aiming to speed up the switch to electric vehicles and combat climate change. Negotiators from the EU countries and the European Parliament, who must both approve new EU laws, as well as the European Commission, which drafts new laws, agreed that carmakers must achieve a 100% cut in CO2 emissions by 2035, which would make it impossible to sell new fossil fuel-powered vehicles in the 27-country bloc. This deal is good news for [car drivers..](https://www.financedigest.com/pimp-my-ride-south-east-drivers-most-likely-to-modify-their-cars.html "Pimp my ride! South East drivers most likely to modify their cars"). new zero-emission [cars will become](https://www.financedigest.com/analysis-when-do-electric-vehicles-become-cleaner-than-gasoline-cars.html "Analysis: When do electric vehicles become cleaner than gasoline cars?") cheaper, making them more affordable and more accessible to everyone,” Parliament’s lead negotiator Jan Huitema said. EU [climate policy chief](https://www.financedigest.com/climate-impacts-heading-to-uncharted-territories-of-destruction-un-chief.html "Climate impacts heading to ‘uncharted territories of destruction’ -UN chief") Frans Timmermans said the agreement sent a strong signal to industry and consumers. Europe is [embracing the shift to zero-emission mobility,”](https://www.financedigest.com/embracing-the-benefits-of-effective-mobile-onboarding.html "EMBRACING THE BENEFITS OF EFFECTIVE MOBILE ONBOARDING") he said. The deal also included a 55% cut in [CO2 emissions](https://www.financedigest.com/global-energy-related-co2-emissions-edged-up-to-record-high-in-2022-iea.html "Global energy-related CO2 emissions edged up to record high in 2022 – IEA") for new cars sold from 2030 versus 2021 levels, much higher than the existing target of a 37.5% reduction by then. New vans must comply with a 100% CO2 cut by 2035, and a 50% cut by 2030 [compared with 2021 levels](https://www.financedigest.com/glastons-interim-report-1-january-31-march-2018-orders-received-grew-23-comparable-operating-profit-at-previous-years-level.html "Glaston’s Interim Report 1 January – 31 March 2018: Orders received grew 23%, comparable operating profit at previous year’s level"). With regulators increasing the pressure on carmakers to curb their [carbon footprint](https://www.financedigest.com/ecb-can-cut-carbon-footprint-by-shedding-bonds-of-biggest-polluters.html "ECB can cut carbon footprint by shedding bonds of biggest polluters"), many have announced investments in electrification. Volkswagen boss Thomas Schaefer this week said that from 2033, the [brand will only produce electric cars](https://www.financedigest.com/top-expensive-car-brands.html "Top Expensive Car Brands") in Europe. Still, the EU law met some resistance when it was proposed in July 2021, with European [car industry association ACEA warning against banning a specific technology](https://www.financedigest.com/how-technology-is-improving-car-safety.html "How technology is improving car safety") and calling for internal combustion engines and hydrogen vehicles to play a role in the low-carbon transition. Negotiators agreed on Thursday that the EU will draft a proposal on how [cars that run](https://www.financedigest.com/4-things-to-do-if-you-run-into-problems-with-your-leased-car.html "4 Things to Do if You Run Into Problems With Your Leased Car") on “CO2 neutral fuels” could be sold after 2035. Small carmakers producing less than 10,000 [vehicles per year can negotiate weaker targets](https://www.financedigest.com/toyotas-july-global-vehicle-output-drops-again-puts-annual-target-in-doubt.html "Toyota’s July global vehicle output drops again, puts annual target in doubt") until 2036, when they would face the zero-emission requirement. The law is the first to be finalised from a broader package of new EU policies, designed to deliver the bloc’s targets to [cut greenhouse gas emissions](https://www.financedigest.com/citi-pledges-to-cut-emissions-for-more-sectors-including-coal.html "Citi pledges to cut emissions for more sectors including coal"). Brussels is seeking deals on two more laws from the package in time for the United Nations climate negotiations in November, in a [bid to show that despite a looming](https://www.financedigest.com/glencore-courts-120-teck-investors-for-bid-backing-as-spinoff-vote-looms-source.html "Glencore courts 120 Teck investors for bid backing as spinoff vote looms -source") recession and soaring energy prices, the bloc is pressing ahead with its climate goals. (Reporting by Kate Abnett; Editing by Josie Kao and Marguerita Choy) --- This blog is powered by Superblog. Visit https://superblog.ai to know more. ---