BRUSSELS—The European Union plans to ban the sale of internal combustion engine vehicles in 2035. It is part of an ambitious effort to spur the use of electric vehicles.
The European Commission has proposed a 55 percent cut in CO2 emissions from cars by 2030 vs. 2021 levels, which is much higher than the existing target of 37.5 percent. It has also mandated a 100 percent cut in CO2 emissions by 2035, which would make it impossible to sell new ICE vehicles in 27 European countries.
To further boost sales of EVs, the EU has also proposed legislation that would require countries to install public charging points no more than 37 miles part on major roads by 2025.
In addition, the Spanish government has announced that it will invest $5.1 billion to promote the production of EV vehicles and components. After Germany, Spain is Europe's second-largest auto producer and the world’s eighth biggest.