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home / news releases / DMLRY - Volkswagen paves way for EV future by stopping to sell ICE vehicles in Europe by 2035


DMLRY - Volkswagen paves way for EV future by stopping to sell ICE vehicles in Europe by 2035

jetcityimage/iStock Editorial via Getty Images The European Commission is discussing a zero-emissions target for cars sold beyond 2035, according to a report from Politico, which cited officials in Brussels. "That would not only mean the end of the internal combustion engine, but also the end of plug-in hybrids," said Hildegard Müller, head of Germany's VDA car lobby. The decision would force the EV revolution upon European automakers, though some are already planning moves of their own. Start your electric motors! Germany's Volkswagen (VWAGY) just announced it will stop selling combustion engines cars in Europe by 2035 and aims for the region's electric cars to account for 70% of total sales by 2030. Ceasing sales of ICE vehicles in the United States and China will occur "somewhat later," according to VW board member Klaus Zellmer, and by 2050 - at the latest - the entire fleet should be carbon neutral. "South

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Volkswagen paves way for EV future by stopping to sell ICE vehicles in Europe by 2035
Stock Information

Company Name: Daimler AG ADR
Stock Symbol: DMLRY
Market: OTC

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