The European Parliament and the European Council have reached a provisional agreement on revised CO2 emissions reduction targets for new passenger cars and light commercial vehicles, which aims to reach zero-emission road mobility by 2035 (an EU fleet-wide target to reduce the CO2 emissions produced by new passenger cars and light commercial vehicles by 100% compared to 2021).
The Parliament succeeded in introducing methodology for the assessment and data reporting of full life-cycle CO2 emissions of cars and vans sold on the EU market. This methodology by 2025, accompanied by legislative proposals where appropriate, will be presented by the Commission by 2025.
Under the deal, existing EU funding should be channelled to transitioning to zero-emission vehicles and related technologies, and especially towards SMEs along the automotive supply chain and vulnerable regions and communities.