On Wednesday, the European Union spelled doom for petrol and diesel cars, proposing to ban the sale of new “traditional vehicles” by 2035. The ban is part of the “Fit for 55” climate package measures that aim to combat global warming. The European Commission made the following encouraging proposals: CO2 emissions from motor vehicles must drop by 55% by 2030, and reach zero by 2035. Plug-in hybrids will count as low-emission vehicles until 2030. This means that, by 2035, all new vehicle registered within the 27-country bloc will be battery-powered. Such vehicles currently make up about a tenth of new registrations in the…
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