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European truck makers aim to phase out combustion engines by 2040

Seven European truck manufacturers have signed an agreement to stop producing polluting vehicles by 2040, writes Financial Times… They previously planned to phase out combustion engines by 2050.

The agreement was signed by Daimler, Scania, Man, Volvo, Daf, Iveco and Ford, all under the auspices of the Association of European Automobile Manufacturers (ACEA). The companies intend to focus on the development of transport using hydrogen fuel and electric motors. As the General Director of Scania Henrik Henriksson clarified to the publication, manufacturers are ready to spend from € 50 billion to € 100 billion on the development of these technologies. And the Potsdam Institute for the Study of Climate Change will help automakers in choosing and developing technologies.

In addition, carmakers have called on European authorities to raise the carbon tax to discourage investment in new fossil fuel projects.

European governments are pushing manufacturers to accelerate the transition from traditional fuel engines to environmentally friendly vehicles. Many of them plan to ban the sale of cars with diesel or gasoline engines from 2030 (Great Britain, Denmark, Ireland, Netherlands), by 2040, for example, France, Spain and Scotland will join them. And Norway intends to completely abandon internal combustion engines by 2025.

Kirill Sarkhanyants

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