EU will ban the production of new fuel vehicles from 2035

On October 27, the European Commission, the European Parliament and the European union   member states reached an agreement requiring automobile manufacturers to achieve the zero emission target by 2035, which means that the sale of traditional fuel vehicles will be banned from 2035. The move will reshape Europe's transportation and is an important step on the road to reduce carbon emissions in the region. According to the agreement, by 2030, the carbon emission levels of all newly launched passenger cars and light commercial vehicles must be reduced by 55% and 50% respectively compared with that in 2021, and will be reduced to zero in 2035. This means that models driven by fossil fuels such as gasoline and diesel will not be available in the EU from 2035.

The agreement also needs to be unanimously approved by EU member states before it can become EU law. If an agreement can be reached finally, it will mean that the era of fuel vehicles, which has lasted for more than 100 years in Europe, has ended completely, and the golden age of electric vehicles will follow. The proposal was formulated by the European Commission in July last year within the framework of the "green package". The plan aims to promote the EU to achieve carbon neutrality in 2050. Therefore, the European Commission proposes to reduce the carbon dioxide (CO2) emissions of new vehicles by 55% in the next 10 years compared with the level in 2021, and reduce the CO2 emissions of new vehicles by 100% from 2035.

Although the sales volume of electric vehicles in Europe is growing rapidly, fuel vehicles still occupy a large market share. In addition, the development of electric vehicles needs the support of infrastructure and the improvement of battery and other related industrial chains.

In the battery field, which is the core of electric vehicles, Europe does not have relevant advantages. Malosh Sevkovic, Vice President of the European Commission, has publicly said that Europe needs to prevent its excessive dependence on competitors in technology. In the field of power battery, battery enterprises in China, Japan and South Korea occupy an absolute market share, while local battery enterprises in Europe have a small voice.