The European Parliament on Tuesday formally approved a law to effectively ban the sale of new petrol and diesel cars in the European Union from 2035, aiming to speed up the switch to electric vehicles and combat climate change.
The landmark rules will require that by 2025 carmakers must achieve a 100% cut in CO2 emissions from new cars sold, which would make it impossible to sell new fossil fuel-powered vehicles in the 27-country bloc.
"The operating costs of an electric vehicle are already lower than the operating costs of a vehicle with an internal combustion engine," Jan Huitema, the parliament's lead negotiator on the rules, said, adding that it was crucial to bring more affordable electric vehicles to consumers. Volkswagen chief executive Thomas Schaefer said last year that from 2033 the brand will only produce electric cars in Europe.
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