New climate targets, new climate regulationsSeveral European governments are among the first to set phase-out dates for new sales of passenger cars powered by internal combustion engines: 2040 in France, 2030 in The Netherlands, and 2025 in Norway. But the transition in Europe is accelerating well in advance of any ban: battery-powered and plug-in hybrid cars made up 14% of new passenger car sales in the EU in the first quarter of 2021, with 6% of those being pure electric vehicles. And with the EU soon to tighten its CO2 emission standards for vehicles in the context of the European Green Deal – Volkswagen already faces a fine of over 100 million EUR for its excessive emissions in 2020 – it is clear that the internal combustion engine is running out of road.
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