Investments
EU Lawmakers Back Deal to Ban New Combustion-Engine Cars by 2035
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Bloc reached agreement on the ban in lengthy talks last year
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Car revolution will have global ramifications for industry
Road transport is one of the most carbon-intensive sectors in the EU.
Photographer: Krisztian Bocsi/BloombergEuropean Union lawmakers gave their final blessing to a deal that will begin phasing out combustion engine cars in a drastic reshape of the continent’s auto industry.
The European Parliament signed off on the deal reached with member states last year, which requires carmakers to reach a zero-emission target by 2035. The agreement requires that they cut pollution by 55% this decade, and forms a key pillar of the bloc’s overall aim of reaching climate neutrality by 2050.