EU agrees to cut emissions from new cars by 37 percent by 2030

BMW HQ in Munich, Germany

It looks like the EU is aiming to limit the supply of non-electric vehicles in order to reach an arbitrary ‘climate target’. What, if anything, this might mean for imports is not clear but their own manufacturers are not happy, for obvious reasons.

European Union members and the European Parliament on Monday agreed to slash carbon dioxide emissions from new cars by 37.5 percent by 2030, the European Commission announced.

The announcement comes two days after the end of the COP24 summit in Poland where one of the largest disappointments for countries of all wealths and sizes was the lack of ambition to reduce emissions shown in the final text, says Phys.org.

Emissions from new vans will have to be 31 percent lower than in 2021, according to Monday’s agreement.

“With this legislation in place, we are setting the right targets and incentives to tackle emissions from the transport sector,” said Commissioner for Climate Action and Energy Miguel Arias Canete.

“It will help our industry to embrace innovation towards zero-emission mobility and further strengthen its global leadership in clean vehicles.”

The deal is a compromise between the demands of states like Germany which wanted a cut of 30 percent and the European Parliament which had wanted a reduction of 40 percent.

Continued here.