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The European Union (EU) has set a bold goal: to phase out the sale of new petrol and diesel cars by 2035. This ambitious plan aims to significantly reduce CO2 emissions from road transport, which currently accounts for a substantial portion of the EU's overall emissions.
Here’s a breakdown of the key aspects of this policy:
The Aim:
The ultimate goal is to achieve climate neutrality in the EU by 2050. This means reducing greenhouse gas emissions to zero, and the transportation sector plays a critical role in this effort. By 2035, all new cars and vans sold within the EU must have zero CO2 emissions.
The Impact:
New car sales: From 2035 onwards, only zero-emission vehicles can be sold as new cars. This includes electric vehicles (EVs) and potentially hydrogen-powered vehicles.
Existing cars: The ban does not affect currently owned petrol and diesel vehicles. Owners can continue to drive and maintain these vehicles, though their cost of ownership might increase due to rising fuel and maintenance costs.
Second-hand market: The sale of used petrol and diesel vehicles will remain permitted after 2035.
The Transition:
EVs: Battery-powered electric vehicles are currently the leading contender in the zero-emission car market. They offer lower running costs than petrol or diesel cars, but their high initial purchase price remains a challenge.
Alternative fuels: Hydrogen and e-fuels (synthetic petrol) are also being explored but face higher production costs. These fuels may be more suitable for applications like heavy-duty vehicles, ships, or planes.
Infrastructure: The EU is committed to expanding charging infrastructure for EVs and hydrogen refuelling stations to support the transition.
Key Considerations:
Affordability: The cost of EVs needs to become more competitive to encourage widespread adoption. The EU's policies aim to stimulate competition and innovation in the EV market.
Battery waste: Proper recycling and disposal of EV batteries are crucial to ensure sustainability. The EU has regulations in place to address this challenge.
Second-hand market: The development of a robust second-hand market for EVs is essential to make them accessible to a wider range of consumers.
In Summary:
The EU's 2035 ban on new petrol and diesel cars is a significant step towards a cleaner, more sustainable future. It requires a collective effort from car manufacturers, policymakers, and consumers to ensure a smooth transition to zero-emission transportation. The success of this policy depends on overcoming challenges like affordability, infrastructure development, and battery management.
We at EVTrader® can start tomorrow, are you the investor that is going to help implement his revolution?