Thanks to a coalition consisting of Germany, Italy, Poland and the Czech Republic, the EU will not ban the ICE in 2035. Instead, it will allow carmakers to sell ICE cars, as long as they ensure they are using carbon-neutral or zero-emission fuels.
Starting in 2035, new cars sold in Europe will have to use alternatives to combustion fuels. The European Union recently took the unprecedented decision to ban sales.
commission is expected to announce today it has agreed to propose to exempt cars that run on e fuels. this has come after weeks of rows with germany over the proposed law.e fuels are made using captured c02 emissions and low carbon hydrogen. such fuels are not yet produced at scale, but are seen by some carmakers as a route to prolonging the use of combustion engines.so how big is e fuel potentially for the auto sector and could this mean the plug is pulled from further investment in electric by the big auto companies? joining me now is anna marie baisden, head of autos & infrastructure, country risk & industry research, fitch solutions. welcome to you and thank you for being with us. just welcome to you and thank you for being with us. for being with us. just tell us about e-fuels for being with us. just tell us about e-fuels and for being with us. just tell us about e-fuels and how - about e fuels and how potentially large it is for the auto sector? auto sector? what it does es