The major step will cut new vehicle emissions by 100 percent by that time.
at the time that the European car industry association ACEA argued that banning one type of technology was “not a rational way forward.”
Some industry voices have expressed support for Thursday’s decision. “This extremely far-reaching decision is without precedent,” Oliver Zipse, the CEO of BMW, tells CNBC. “It means that the European Union will now be the first and only world region to go all-electric … Make no mistake, the European automobile industry is up to the challenge of providing these zero-emission cars and vans.”
However, not all car executives are on board. “I think there is the possibility—and the need—for a more pragmatic approach to manage the transition,” Carlos Tavares, the CEO of Stellantis, told
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