The European Union in Tuesday approved plans to ban sales of new gasoline and diesel cars in member countries by 2035, after Germany successfully fought for a loophole for vehicles burning e-fuels. The proposed law will require all new passenger cars sold in EU countries to produce zero CO2 emissions from 2035, ramping up from a 2030 target of 50%...
The European Union in Tuesday approved plans to ban sales of new gasoline and diesel cars in member countries by 2035, after Germany successfully fought for a loophole for vehicles burning e-fuels. The proposed law will require all new passenger cars sold in EU countries to produce zero CO2 emissions from 2035, ramping up from a 2030 target of 50%...
The global market for internal-combustion vehicles peaked in 2017 and is now in "structural decline," Bloomberg New Energy Finance declared in a recent report. Combustion-vehicle sales in 2022 were down almost 20% from the 2017 peak, according to BNEF. In 2017, 86 million internal combustion passenger vehicles were sold globally—including...
A strong SUV market is leading to higher oil demand today, and may make future carbon dioxide (CO2) emissions targets harder to achieve, according to the International Energy Agency (IEA). New IEA analysis found that global CO2 emissions from SUVs reached nearly 1.1 billion tons in 2022, overshadowing increased sales from electric cars. SUVs are...
