The EU has followed California in declaring that we need to move to electric vehicles, while we still haven’t perfected them. By 2035, carmakers wishing to sell in the EU must cut all carbon-dioxide emissions. Other milestones will be included along the way, all in an effort to move towards zero-emissions. VW and Audi have already stated they will be EV only by 2033. Even smaller manufacturers, the boutique companies building less than 10,000 vehicles per year, are included, but they have an extra year to comply. This may push innovation, but it also will push higher prices, and limited supplies as we haven’t determined ways to produce inexpensive EVs.
European carmakers must achieve a 100% cut in CO2 emissions from new cars sold by 2035 and a 55% cut for new cars sold by 2030.