Hyperdrive
Volvo Leads 50 Firms Urging EU to Keep Combustion-Engine Ban
- Sector needs certainty to invest, no backtracking: declaration
- Europe’s top automakers, including Volkswagen, don’t join plea
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Volvo Car AB and dozens of industrial manufacturers urged Brussels to stick to a plan to halt sales of new combustion-engine cars starting in 2035. But Europe’s biggest automakers are keeping quiet.
Fifty companies called on the European Union to keep the policy, according to a declaration shared with Bloomberg News. They argued that the sector needs certainty in order to invest and support to meet EU goals, but no backtracking.