Oil & Fuel The European Union agrees to eliminate carbon emissions by 2035.

[jeff9366]

The European Union agreed to a framework to eliminate carbon emissions from new cars and vans by 2035, effectively closing the chapter on the internal combustion engine in Europe. Many automakers are already in the process of switching over to cleaner fleets, but the industry now faces some pressure to hit the accelerator. The bloc's proposal was first raised in July 2021, but with the final endorsement in the bag, it will be up to members of the European Parliament to get the deal over the finish line.

Areas of compromise: Environment ministers extended a CO2 exemption granted to so-called "niche" manufacturers - or those producing less than 10K vehicles per year - until the end of 2035. Italy, home to Ferrari (RACE) and Lamborghini (OTCPK:AUDVF), also gave up demands for a five-year delay in the EU's plan for carmakers to clean up their fleet. Meanwhile, alternative technologies like synthetic fuels and plug-in hybrids may be included in the future if they can achieve the complete elimination of greenhouse gas emissions.

"This is a big challenge for our automotive industry," announced Agnes Pannier-Runacher, the French Minister of Energy Transition who chaired the meeting. "I have full confidence that the European car industry can manage," added Frans Timmermans, Vice President of the European Commission. "Our carmakers are among Europe's industrial leaders and they can continue to be that as they embrace this global shift."

Other EV news: Electric vehicle makers have not emerged unscathed in the recent supply chain crisis, especially given the rising costs of raw materials like lithium, nickel, cobalt and palladium. The deteriorating environment even prompted a warning from Tesla (NASDAQ:TSLA) CEO Elon Musk last month, telling top managers he had a "super bad feeling"about the economy and the company would slash its workforce by about 10%. The latest round of layoffs came Tuesday night, with Tesla shuttering its office in San Mateo, California, and cutting around 200 employees who were working on Tesla's Autopilot driver-assistant system.



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[hornett22]

The European Union agreed to a framework to eliminate carbon emissions from new cars and vans by 2035, effectively closing the chapter on the internal combustion engine in Europe. Many automakers are already in the process of switching over to cleaner fleets, but the industry now faces some pressure to hit the accelerator. The bloc's proposal was first raised in July 2021, but with the final endorsement in the bag, it will be up to members of the European Parliament to get the deal over the finish line.

Areas of compromise: Environment ministers extended a CO2 exemption granted to so-called "niche" manufacturers - or those producing less than 10K vehicles per year - until the end of 2035. Italy, home to Ferrari (RACE) and Lamborghini (OTCPK:AUDVF), also gave up demands for a five-year delay in the EU's plan for carmakers to clean up their fleet. Meanwhile, alternative technologies like synthetic fuels and plug-in hybrids may be included in the future if they can achieve the complete elimination of greenhouse gas emissions.

"This is a big challenge for our automotive industry," announced Agnes Pannier-Runacher, the French Minister of Energy Transition who chaired the meeting. "I have full confidence that the European car industry can manage," added Frans Timmermans, Vice President of the European Commission. "Our carmakers are among Europe's industrial leaders and they can continue to be that as they embrace this global shift."

Other EV news: Electric vehicle makers have not emerged unscathed in the recent supply chain crisis, especially given the rising costs of raw materials like lithium, nickel, cobalt and palladium. The deteriorating environment even prompted a warning from Tesla (NASDAQ:TSLA) CEO Elon Musk last month, telling top managers he had a "super bad feeling"about the economy and the company would slash its workforce by about 10%. The latest round of layoffs came Tuesday night, with Tesla shuttering its office in San Mateo, California, and cutting around 200 employees who were working on Tesla's Autopilot driver-assistant system.



Full Article:

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seekingalpha.com

Morons

 

[bsekf]

The USA will be expected to pick up the slack. Do a little research on WEF and the "great Reset".

 

[Eagle1]

Meanwhile in reality, Germany and other have restarted their coal power plants to make electricity to keep up with demand.

 

[Roadworthy]

Besides the raw materials for all these batteries, which will need recycled at some point to stay "green" there will be a need for far more electricity. Perhaps people can plant current bushes to provide the need current. Solar won't be enough and wind is certainly nobody's salvation.

 

[MacAttack]

Besides the raw materials for all these batteries, which will need recycled at some point to stay "green" there will be a need for far more electricity. Perhaps people can plant current bushes to provide the need current. Solar won't be enough and wind is certainly nobody's salvation.

Current bushes ? Don't they make jelly out of that stuff?

 

[jyoutz]

Current bushes ? Don't they make jelly out of that stuff?

Yes they do

 

[Jstpssng]

Current bushes ? Don't they make jelly out of that stuff?

My first thought, also. I try not to be the grammar police but this time I have to ask if you or Roadworthy intended the play on words? The fruit is spelled "Currant." No matter, either way the point was made.

 

[MacAttack]

My first thought, also. I try not to be the grammar police but this time I have to ask if you or Roadworthy intended the play on words? The fruit is spelled "Currant." No matter, either way the point was made.

Yes pun was intended.

 

[Jstpssng]

Yes pun was intended.

I thought probably.