Economy · 19 d ago
Marek Ślusarczyk (Tupungato) Photo portfolio · CC BY 3.0 · Wikimedia Commons
France and Germany agree on a car deal that slows Europe's shift to all-electric
Cut in carmakers' CO2 emissions by 2035
90 %
Carmakers would have to cut CO2 emissions by 90 per cent by 2035, without offsetting the remaining 10 per cent as the European Commission first proposed. The deal confirms Europe has given up on all-electric by 2035.
The rule Paris wanted
European preference
In exchange, Germany accepts a stricter European preference: companies receiving public money must source 70 per cent of components and 10 per cent of battery content in Europe or close partners such as Britain, Norway and Switzerland.
We do not want Germany to simply assemble components from Asia, but for the essential components to be developed and produced here.
— Lars Klingbeil, German finance minister
Car-parts makers
A crucial compromise
Transport & Environment
A historic mistake
European car-parts makers called the compromise crucial, while the Brussels group Transport & Environment called it a historic mistake that weakens Europe in the race for electric vehicles and batteries.
What's next
The car package now goes to negotiations among the 27 member states and in the European Parliament. Stellantis and Renault hope it is adopted quickly.
