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G-7 Eyes Ambitious Shift to Electric Cars and Away From Oil

  • Every G-7 nation would promise more cash for climate change
  • Draft summit communique is being discussed as leaders gather
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Biden Sees EVs as Part of Plan for ‘Winning the Future’
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Group of Seven leaders are discussing ambitious plans to shift the balance of car buying away from gasoline to greener vehicles by the end of the decade, as part of a package of measures to combat climate change.

Under one proposal contained in a document seen by Bloomberg, G-7 governments would “strive” to ensure that the majority of all new passenger car sales are not petrol or diesel-powered “by 2030 or sooner.” Countries are divided on how specific the measures should be.