Europe's auto industry fights back: EPP targets emission rules
The European People's Party (EPP) is intensifying its campaign to relax emission targets and ease the upcoming ban on combustion vehicle sales. This effort aims to save the European automotive industry facing a serious crisis.
According to Reuters, the European People's Party is preparing a project to support the struggling automotive sector in Europe. If implemented, the plan would mark a significant shift, opposing the regulations advanced in recent years.
Reuters reports that the EPP seeks to revoke the plan to ban the sale of new combustion vehicles after 2035, allowing the continued sale of vehicles powered by biofuels and other alternative fuels.
The EPP believes that laws should also support plug-in hybrids, which are more eco-friendly than traditional combustion vehicles. Another concern is reducing penalties for manufacturers exceeding CO2 limits. The upcoming regulations, set for implementation in 2025, are estimated to cost the industry up to $16 billion.
Amid weakening demand for electric vehicles and rising competition from China, the EPP plans to request a revision of the ban to preserve the European industry. The chances of success appear promising.
The European People's Party is the largest faction in the current European Parliament and holds 27 seats in the European Commission. The most notable member is its chair, Ursula von der Leyen.
