Europe backs away from an ICE ban |
You have heard that Europe intends to ban the sale of new internal combustion engine passenger vehicles by 2035? Never mind.
Over the weekend, EU and German government officials cut a deal to allow sales of vehicles with piston engines to continue past 2035, so long as the vehicles burn carbon neutral “e-fuels.” (Here’s an explanation of what e-fuels are.)
The construction of a regulatory detour that allows automakers to keep selling vehicles with internal combustion engines is good news for small luxury manufacturers such as Ferrari, which faced a steep, expensive climb to go all electric.
CEO Benedetto Vigna told a Reuters newsmaker event that the e-fuels agreement would give Ferrari “greater freedom.”
Larger EU automakers that have vowed to go all-electric now have a way to delay slashing jobs tied to piston powertrain production – provided the nascent e-fuels production industry can start producing at scale.
Environmental groups and climate action advocates, however, criticized the deal. They worry the promised e-fuels off-ramp will slow efforts to achieve real reductions in the carbon generated by transport. |
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