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Technology Stocks : The Electric Car, or MPG "what me worry?"

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From: kidl3/25/2023 9:51:27 AM
   of 16213
 
Agreement on combustion engine phase-out: Germany wrests an exemption from the EU for e-fuels

Startseite WirtschaftCreated: 25.03.2023, 13:07

By: Jens Kiffmeier


Has reached an agreement in the dispute over the combustion engine: Federal Transport Minister Volker Wissing (FDP). © Britta Pedersen/Julian Stratenschulte/dpa/MontageDispute ended: Germany and the EU have confirmed an agreement on the combustion engine. For example, the German government pushed through the exemption for e-fuels.

Berlin/Brussels – Now with exception: Even after 2035, new cars can be registered in the European Union (EU) with combustion engines. The condition: They can only be refuelled with a climate-neutral fuel. This agreement on the combustion engine has now been reached by the Federal Government after a long struggle with the EU Commission, as Federal Transport Minister Volker Wissing announced on Twitter on Saturday (25 March). Especially for the FDP, this is a point victory. However, in many EU countries, the German position continues to meet with rejection.

For months, Germany had argued with the EU about burning. Late on Friday evening, the agreement was reached. "The way is clear: Europe remains technology-neutral. Vehicles with combustion engines can also be newly registered after 2035 if they only fill up with CO2-neutral fuels," Wissing wrote on the social platform. This would secure opportunities for Europe "by giving us important options for climate-neutral and affordable mobility".

Combustion engine phase-out: EU and Federal Government around Volker Wissing reach an agreement in the dispute over e-fuelsThe European Parliament and the EU member states had originally agreed in October that only emission-free new cars may be registered in the EU from 2035 – which had caused many car owners great concern about the residual value of their car. For Germany, however, it was important that new cars with combustion engines that fill up with e-fuels – i.e. climate-neutral artificial fuels generated with green electricity – could still be registered afterwards.

A confirmation of the agreement by the EU states planned for the beginning of March was therefore initially prevented by Germany – especially at the instigation of the FDP, which had already anchored the use and promotion of e-fuels in the coalition agreement of the traffic light coalition. Since then, the Federal Ministry of Transport and the EU Commission have been negotiating a compromise. The end of combustion engines was then also the dominant topic at the EU summit last Thursday.

Agreement on the end of combustion engines: Cars with combustion engines may also be registered after 2035In the past few days, an agreement on the combustion engine had been indicated. However, a confirmation was still pending. But now the planned regulation is to be adapted quickly. You will work on a speedy implementation, said EU Commission Vice-President Frans Timmermans also on Saturday on Twitter.

However, the jubilation over the compromise that had been looming for days was limited outside Germany. Many EU partners had reacted irritated to Germany's behaviour in the dispute. On Thursday, for example, Latvian Prime Minister Krisjanis Karins spoke on the sidelines of the EU summit in front of running cameras of a "very, very difficult sign for the future". It is surprising that a government suddenly decides differently after an agreement has already been reached, the news agency dpa quoted him as saying.

Karins warned, "The entire architecture of decision-making would fall apart if we all did that." Behind closed doors, diplomats in Brussels were more explicit. They accuse Germany of a breach of trust. (jkf/dpa)
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