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<blockquote data-quote="Weather Man" data-source="post: 16636599" data-attributes="member: 137766"><p><a href="https://seekingalpha.com/news/3710328-volkswagen-paves-way-for-ev-future-by-stopping-to-sell-ice-vehicles-in-europe-by-2035" target="_blank">Volkswagen paves way for EV future by stopping to sell ICE vehicles in Europe by 2035</a></p><ul> <li data-xf-list-type="ul">The European Commission is discussing a zero-emissions target for cars sold beyond 2035, according to a <a href="https://www.politico.eu/article/brussels-mulls-dealing-death-blow-gas-guzzling-cars/" target="_blank">report from <em>Politico</em></a>, which cited officials in Brussels. "That would not only mean the end of the internal combustion engine, but also the end of plug-in hybrids," said Hildegard Müller, head of Germany's VDA car lobby. The decision would force the EV revolution upon European automakers, though some are already planning moves of their own.</li> <li data-xf-list-type="ul"><em>Start your electric motors!</em> Germany's Volkswagen (<a href="https://seekingalpha.com/symbol/VWAGY" target="_blank">OTCPK:VWAGY</a>) just <a href="https://www.reuters.com/business/sustainable-business/vw-end-sales-combustion-engines-europe-by-2035-2021-06-26/" target="_blank">announced</a> it will stop selling combustion engines cars in Europe by 2035 and aims for the region's electric cars to account for 70% of total sales by 2030. Ceasing sales of ICE vehicles in the United States and China will occur "somewhat later," according to VW board member Klaus Zellmer, and by 2050 - at the latest - the entire fleet should be carbon neutral. "South America and Africa will take a good deal longer due to the fact that the political and infrastructure framework conditions are still missing."</li> <li data-xf-list-type="ul">Volkswagen isn't the only carmaker getting serious about emissions targets. Ford (NYSE:<a href="https://seekingalpha.com/symbol/F" target="_blank">F</a>) has already said it will only sell EVs in Europe by 2030, Volvo (<a href="https://seekingalpha.com/symbol/GELYF" target="_blank">OTCPK:GELYF</a>) is retiring the ICE engine and hybrids by the same year and Honda (NYSE:<a href="https://seekingalpha.com/symbol/HMC" target="_blank">HMC</a>) announced plans to phase out gas-powered cars by 2040. Meanwhile, Stellantis (NYSE:<a href="https://seekingalpha.com/symbol/STLA" target="_blank">STLA</a>) is no longer planning to invest in the development of new internal combustion engines, while General Motors (NYSE:<a href="https://seekingalpha.com/symbol/GM" target="_blank">GM</a>) will stop building polluting vehicles by 2035. Some seem not as prepared, like VW's German rivals - Daimler (<a href="https://seekingalpha.com/symbol/DDAIF" target="_blank">OTCPK<img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite8" alt=":D" title="Big Grin :D" loading="lazy" data-shortname=":D" />DAIF</a>) and BMW (<a href="https://seekingalpha.com/symbol/BAMXF" target="_blank">OTCPK:BAMXF</a>).</li> <li data-xf-list-type="ul"><strong>Outlook:</strong> Countries and cities are also revving up their green goals when it comes to EVs. The U.K. plans to end the sale of ICE vehicles by 2030 and plug-in hybrids by 2035, France has set a 2040 phase-out date, while Norway is the most ambitious nation with a 2025 deadline. Over in the U.S., California has banned the sale of gas-powered vehicles by 2035 and a dozen other states are <a href="https://www.motorious.com/articles/features-3/states-seek-to-kill-gas-cars/" target="_blank">looking</a> at similar legislation.</li> <li data-xf-list-type="ul">At the last G7 meeting in June, leaders drew up a global green infrastructure plan to counter China and vowed to phase out gas and diesel cars <a href="https://seekingalpha.com/news/3705841" target="_blank">as soon as possible.</a></li> </ul></blockquote><p></p>
[QUOTE="Weather Man, post: 16636599, member: 137766"] [URL='https://seekingalpha.com/news/3710328-volkswagen-paves-way-for-ev-future-by-stopping-to-sell-ice-vehicles-in-europe-by-2035']Volkswagen paves way for EV future by stopping to sell ICE vehicles in Europe by 2035[/URL] [LIST] [*]The European Commission is discussing a zero-emissions target for cars sold beyond 2035, according to a [URL='https://www.politico.eu/article/brussels-mulls-dealing-death-blow-gas-guzzling-cars/']report from [i]Politico[/i][/URL], which cited officials in Brussels. "That would not only mean the end of the internal combustion engine, but also the end of plug-in hybrids," said Hildegard Müller, head of Germany's VDA car lobby. The decision would force the EV revolution upon European automakers, though some are already planning moves of their own. [*][i]Start your electric motors![/i] Germany's Volkswagen ([URL='https://seekingalpha.com/symbol/VWAGY']OTCPK:VWAGY[/URL]) just [URL='https://www.reuters.com/business/sustainable-business/vw-end-sales-combustion-engines-europe-by-2035-2021-06-26/']announced[/URL] it will stop selling combustion engines cars in Europe by 2035 and aims for the region's electric cars to account for 70% of total sales by 2030. Ceasing sales of ICE vehicles in the United States and China will occur "somewhat later," according to VW board member Klaus Zellmer, and by 2050 - at the latest - the entire fleet should be carbon neutral. "South America and Africa will take a good deal longer due to the fact that the political and infrastructure framework conditions are still missing." [*]Volkswagen isn't the only carmaker getting serious about emissions targets. Ford (NYSE:[URL='https://seekingalpha.com/symbol/F']F[/URL]) has already said it will only sell EVs in Europe by 2030, Volvo ([URL='https://seekingalpha.com/symbol/GELYF']OTCPK:GELYF[/URL]) is retiring the ICE engine and hybrids by the same year and Honda (NYSE:[URL='https://seekingalpha.com/symbol/HMC']HMC[/URL]) announced plans to phase out gas-powered cars by 2040. Meanwhile, Stellantis (NYSE:[URL='https://seekingalpha.com/symbol/STLA']STLA[/URL]) is no longer planning to invest in the development of new internal combustion engines, while General Motors (NYSE:[URL='https://seekingalpha.com/symbol/GM']GM[/URL]) will stop building polluting vehicles by 2035. Some seem not as prepared, like VW's German rivals - Daimler ([URL='https://seekingalpha.com/symbol/DDAIF']OTCPK:DDAIF[/URL]) and BMW ([URL='https://seekingalpha.com/symbol/BAMXF']OTCPK:BAMXF[/URL]). [*][b]Outlook:[/b] Countries and cities are also revving up their green goals when it comes to EVs. The U.K. plans to end the sale of ICE vehicles by 2030 and plug-in hybrids by 2035, France has set a 2040 phase-out date, while Norway is the most ambitious nation with a 2025 deadline. Over in the U.S., California has banned the sale of gas-powered vehicles by 2035 and a dozen other states are [URL='https://www.motorious.com/articles/features-3/states-seek-to-kill-gas-cars/']looking[/URL] at similar legislation. [*]At the last G7 meeting in June, leaders drew up a global green infrastructure plan to counter China and vowed to phase out gas and diesel cars [URL='https://seekingalpha.com/news/3705841']as soon as possible.[/URL] [/LIST] [/QUOTE]
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