Ursula von der Leyen, president of the European Commission, stated that Brussels must quickly pass a law phasing out combustion engines beginning in 2035. In order to meet the challenge posed by American green incentives.
Speaking to reporters on Sunday after attending an annual retreat near Berlin with German Chancellor Olaf Scholz and his Cabinet. Von der Leyen said that the US Inflation Reduction Act, or IRA, will result in significant tax exemptions for any green technologies produced in the country.
We have talked about our options, which include making our own investments, speeding up procedures. And negotiating with the US on how the law should be interpreted.
She mentioned upcoming legislation in the European Union that will provide funding for the region’s transformation to a greener economy. She referred to a “brake on expansion” caused by a lack of skilled workers in the industry.
In order to achieve the EU’s aim of becoming climate neutral by 2050. The bloc’s climate policy objectives seek to reduce greenhouse gas emissions from the transportation sector.
According to the Reuters news agency, von der Leyen came to Berlin in an effort to overturn a German veto of a planned EU regulation. However, that would outlaw the sale of gasoline and diesel vehicles starting in 2035.
On Sunday, Scholz stated that he agreed with Volker Wissing’s threat to obstruct the conclusion of the vote on the EU’s ban on combustion engine vehicles.
The EU ministers’ final vote, which was scheduled for Tuesday, has been postponed.
Wissing stated last week that Germany was “not in a position to vote in favour” of an EU accord that would result in a de facto ban and that the group should exercise caution while imposing solutions on the sector. Moreover, on this matter, we are on the same page, said Scholz.
According to the news website Politico, Wissing is attempting to open a loophole in the final EU legislation that would allow e-fuels, a synthetic substitute for gasoline.
It must be in harmony with our agreed-upon climate goals, she said. “The conversation is productive.”
“This is such a solvable job that we are all fairly confident,” Scholz continued.
In order to give automakers enough time to prepare for the phaseout. According to Von der Leyen, a solution must be found. “We need to concentrate on the fact that going forward, we’ll maintain our position as a world leader in clean energy.
