Europe's EV Shift: Balancing Jobs & Green Goals
Update: 2025-12-21
Description
The European Commission is softening its stance on banning new gas-powered cars by 2035, allowing a 10% hybrid exemption with carbon offsets. This shift, part of a broader Automotive Package, aims to maintain Europes car industry competitiveness. Reactions are divided, with EV startups and investors fearing a loss of momentum, while carmakers and battery makers see potential benefits. The UKs stance on its own 2035 engine ban remains uncertain.
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