EU Backtracks on Electric Vehicles
Fumes pump from the exhaust of a combustion engine automobile idling in traffic in Bucharest, Romania
Photographer: Ioana Epure/BloombergThe European Union is planning to ditch a controversial ban on combustion engine cars starting in 2035 after months of debate and pressure from the automotive industry.
Today’s newsletter brings you exclusive information from our reporters in Brussels, who were told by people familiar with the plan that the EU will today propose softening emissions rules for new cars. Meanwhile, Ford plans a $19.5 billion overhaul of its EV business that will include ending production of the F-150 Lightning.