"We recommend a multi-technology approach," said Todd Anderson of Phinia, adding the internal combustion engine will "be around for the rest of the century."
By Tyler Durden: The European Commission is preparing to retreat from its planned 2035 ban on new combustion-engine car sales, yielding to pressure from Germany, Italy and automakers struggling to compete with U.S. and Chinese rivals, according to Reuters. The announcement is expected Today.
EU and industry sources say the ban could be delayed by five years or softened indefinitely, turning a once-firm rule into something more aspirational. The reversal would mark the bloc’s biggest climb-down from its green agenda in the past five years.
"The European Commission will be putting forward a clear proposal to abolish the ban on combustion engines," said Manfred Weber, head of the European Parliament’s largest political group. "It was a serious industrial policy mistake."



