Advertisement

Europe's auto industry future may be electric even after EU climbdown

Brussels' proposal to abandon a 2035 deadline for a total shift to fully electric driving allows Europe's legacy carmakers more time to sell hybrids, but for the longer term, EVs are still the future, analysts and experts said.

Last month, the European Commission published plans to abandon an effective 2035 ban on combustion engine cars, after lobbying from the region's auto sector, helping them better compete against fast-moving Chinese rivals.

Plug-in hybrids, range-extended EVs, which use a small combustion engine to recharge the battery, and even conventional engines would remain legal beyond 2035.

Brussels also proposed a new category of small EVs with extra credits for models built in Europe - concessions that industry analysts say deliver much of what carmakers lobbied for.

Time to catch up with the Chinese?

"The Commission has allowed Europe's car industry to make choices and have a chance to compete," said Phil Dunne, a managing director at consultancy Grant Thornton Stax.

"Hopefully it allows Europe's industry to catch up with the Chinese" with cost-competitive EVs, he added.

Premium brands such as Mercedes and BMW will have longer to sell plug-in hybrids before selling only full EVs.

With a wide range of smaller models, such as the Fiat 500 and Clio, Stellantis and Renault, should benefit from the new subsidised category of small EVs for the continent's city-dwellers.

The EU's stance is very different to that of the United States, where President Donald Trump has withdrawn support for EVs.

Last year, Brussels imposed tariffs on Chinese-made EVs, but it has done little to stop brands like Changan expanding in Europe.

BYD and other Chinese companies face no tariffs on imported plug-in hybrids and a number of Chinese companies sell combustion engine models in markets, including Poland where EV sales are low.

Consultancy AlixPartners forecast Europe's fully-electric cars would only make up 62% of sales by 2035 because it was not convinced the ban could be enforced.

Partner Nick Parker said he did not expect any major changes to the consultancy's forecast.

A slower transition to electric would, however, give markets time to build charging infrastructure, one of the main reasons for the slow take-up of EVs.

EU fully-electric car sales rose by 25.7% year-on-year through October, accounting for 16.4% of all sales, according to industry data. They make up a tiny portion of overall sales in southern and eastern Europe.

Carmkers pour billions into designing EVs

The change in policy is a blow for automakers and suppliers that have spent tens of billions of euros designing electric cars and expanding factory capacity based on EU policy that only became law in 2023.

But allowing traditional automakers to use different technologies may spur them to partner on developing affordable EVs, such as the tie-up between Ford and Renault made public last week to develop small EVs in Europe.

The day before the EU announcement, the US automaker made public a $19.5 billion writedown and plans to scrap several electric models.

"This will end up driving more cooperation and platform-sharing," between automakers, said Joe Stevenson, CEO of British startup Anaphite, which is developing dry coating for battery electrodes that could cut the cost of an EV.

Ford CEO Jim Farley urged Brussels to pick one policy and stick to it, rather than shifting every few months. As recently as March, the Commission gave the car industry "breathing space" by allowing automakers to comply with 2025 emissions targets over three years, with further changes nine months later.

"That's not the way to do long-term capital investment planning," Farley said. "We need certainty."

Advertisement

Trending
MEVP Achieves 5x Return with Strategic Exit as Japan's giftee Acquires Majority Stake in YGG
MEVP Achieves 5x Return with Strategic Exit as Japan's giftee Acquires Majority Stake in YGG
In a landmark deal for the Middle East's digital economy, Middle East Venture Partners (MEVP) has successfully exited its investment in YOUgotaGift (YGG), as Japanese eGifting giant giftee Inc acquires a controlling 91% stake. This strategic acquisition propels YGG into its next phase of global expansion while cementing its dominance in the GCC's booming digital gift card market.
Iran-Israel Tensions Threaten Global Oil Supply: Strait of Hormuz Closure Could Send Prices Soaring
Iran-Israel Tensions Threaten Global Oil Supply: Strait of Hormuz Closure Could Send Prices Soaring
The escalating conflict between Iran and Israel has sent shockwaves through global financial markets, with experts warning that a potential shutdown of the strategically vital Strait of Hormuz could trigger an oil price surge to $120 per barrel - threatening to derail inflation progress worldwide. Market analysts are sounding alarms as geopolitical tensions reach new heights in the Arabian Gulf region. The recent military exchanges have raised unprecedented concerns about a catastrophic supply d
e& UAE Launches Innovative Kids SIM Card with Advanced Parental Controls
e& UAE Launches Innovative Kids SIM Card with Advanced Parental Controls
In a groundbreaking move to promote child digital safety, UAE telecom giant e& (formerly Etisalat) has unveiled a specialized SIM card tailored specifically for young users, empowering parents with unprecedented control over their children's online experiences. The innovative Kids SIM solution offers two budget-friendly monthly packages at Dh49 and Dh99, packed with features that blend connectivity with security: Generous local calling allowances Uninterrupted data access around the clock Compl

Advertisement

UAE Banks Shine in Q1 2026: Record Profits Amid Global Economic Headwinds
UAE Banks Shine in Q1 2026: Record Profits Amid Global Economic Headwinds
The UAE's banking sector has defied global economic challenges to deliver an impressive first quarter performance in 2026, with the nation's top lenders reporting robust growth across key financial metrics. Fresh analysis from Alvarez & Marsal (A&M) reveals the UAE's ten largest listed banks collectively saw net income surge to Dh22.2 billion - an impressive 8.4% increase compared to the previous quarter. This stellar performance was driven by a remarkable 59.3% reduction in impairment charges a
Dh332 Million Umm Suqeim Street Upgrade Nears Completion, Set to Slash Travel Time by 61%
Dh332 Million Umm Suqeim Street Upgrade Nears Completion, Set to Slash Travel Time by 61%
Dubai's ambitious Umm Suqeim Street Improvement Project, a Dh332 million initiative designed to revolutionize connectivity between Al Khail Road and Sheikh Mohammed Bin Zayed Road, is now over 70% complete. The transformative infrastructure development features an impressive 800-meter tunnel with four lanes in each direction, promising to dramatically enhance traffic flow across the city.
du Reports Stellar Q1 2026 Results with 19.8% Net Profit Surge
du Reports Stellar Q1 2026 Results with 19.8% Net Profit Surge
Emirates Integrated Telecommunications Company PJSC (du) has kicked off 2026 with outstanding financial performance, showcasing significant growth across all key metrics during the first quarter.
Bentley Continental GT Speed Hybrid: Where Timeless Elegance Meets Electrifying Performance
Bentley Continental GT Speed Hybrid: Where Timeless Elegance Meets Electrifying Performance
In the realm of automotive aristocracy, Bentley stands as a crown jewel. Born from racing heritage with legendary victories, the marque evolved through its Rolls-Royce era before emerging stronger under Volkswagen's stewardship. The Continental GT became its renaissance masterpiece - a perfect marriage of breathtaking design, thunderous performance, and peerless craftsmanship. Now in its fourth iteration, we experienced Bentley's vision of "fine driving" in the exclusive Continental GT Speed Hybrid First Edition - here's why this grand tourer redefines automotive excellence.
Sharjah Islamic Bank Boosts Nasdaq Dubai's Sukuk Market with $500 Million AT1 Listing
Sharjah Islamic Bank Boosts Nasdaq Dubai's Sukuk Market with $500 Million AT1 Listing
In a landmark move for Islamic finance, Sharjah Islamic Bank (SIB) has successfully listed a $500 million Additional Tier 1 (AT1) sukuk on Nasdaq Dubai, further cementing the exchange's position as a global hub for Sharia-compliant securities.
UAE Drivers Alert: Major Road Closures This Sunday - Plan Your Route Now!
UAE Drivers Alert: Major Road Closures This Sunday - Plan Your Route Now!
Attention all UAE motorists! The Roads and Transport Authority (RTA) has issued an important travel advisory for this Sunday, June 15, as essential maintenance works will temporarily disrupt traffic flow on two key highways. Commuters heading towards Sharjah and using Sheikh Mohammed bin Zayed Road should prepare for possible delays.

Advertisement

Dubai Unveils Dh1.4 Billion Stormwater Drainage Upgrade to Future-Proof City Infrastructure
Dubai Unveils Dh1.4 Billion Stormwater Drainage Upgrade to Future-Proof City Infrastructure
In a landmark move to safeguard against climate challenges, Dubai Municipality has launched four ambitious infrastructure projects worth Dh1.439 billion as part of its revolutionary 'Tasreef' stormwater drainage initiative. This strategic investment will transform the emirate's water management systems to meet future demands while setting new benchmarks for urban resilience.
Dubai Unveils Dh6 Billion Road Upgrade Plan to Revolutionize Urban Mobility
Dubai Unveils Dh6 Billion Road Upgrade Plan to Revolutionize Urban Mobility
In a landmark move to transform Dubai's transportation landscape, the Roads and Transport Authority (RTA) has partnered with Dubai Holding on an ambitious Dh6 billion infrastructure initiative that will reshape connectivity across the emirate's fastest-growing communities. The comprehensive road network enhancement program will introduce cutting-edge bridges, expanded thoroughfares, and smart access solutions designed to slash commute times while dramatically improving traffic flow. This strate
Oil Prices Could Skyrocket Past $100 Amid Middle East Tensions, Analysts Warn
Oil Prices Could Skyrocket Past $100 Amid Middle East Tensions, Analysts Warn
The global oil market is bracing for potential turbulence as escalating tensions between Israel and Iran threaten to push crude prices beyond the $100 per barrel mark, energy experts cautioned this week.
Oil Prices Rally to 7-Week High on U.S.-China Trade Deal Optimism
Oil Prices Rally to 7-Week High on U.S.-China Trade Deal Optimism
Crude oil prices surged over 1% on Tuesday, reaching their highest level in seven weeks as renewed optimism about a potential trade agreement between Washington and Beijing boosted expectations for stronger global economic growth and higher fuel demand. By midday trading in New York, Brent crude futures had climbed 81 cents (1.2%) to $67.85 per barrel, while U.S. benchmark West Texas Intermediate crude gained 83 cents (1.3%) to reach $66.12 per barrel. The rally pushed both major oil benchmarks
e& Reports Record Growth in Q1 2026, Solidifying Its Position as a Global Tech Leader
e& Reports Record Growth in Q1 2026, Solidifying Its Position as a Global Tech Leader
e& has kicked off 2026 with outstanding financial results, demonstrating remarkable growth across all business segments and reinforcing its status as an innovator in the digital landscape. The company's strategic vision continues to drive significant value creation, positioning it as one of the most dynamic players in the global technology sector. The Group reported consolidated revenues of Dh16.9 billion for the first quarter, marking an impressive 18.7% year-over-year increase. Net profits soa
Le Mans Legends: Where History, Speed and Investment Collide
Le Mans Legends: Where History, Speed and Investment Collide
Suzuki Swift Production Halt Linked to China's Rare Earth Export Restrictions
Suzuki Swift Production Halt Linked to China's Rare Earth Export Restrictions
In a move highlighting the growing impact of global supply chain disruptions, Suzuki Motor has temporarily suspended production of its popular Swift subcompact due to China's tightening rare earth export policies. Industry insiders reveal this marks the first major Japanese automaker affected by Beijing's recent trade measures.
Borouge and Adnoc L&S Forge 15-Year Mega Deal to Boost UAE Petrochemical Exports
Borouge and Adnoc L&S Forge 15-Year Mega Deal to Boost UAE Petrochemical Exports
In a landmark move set to transform the UAE's petrochemical landscape, Borouge has cemented a 15-year strategic alliance with Adnoc Logistics & Services Plc (Adnoc L&S) that will supercharge production capabilities and global export operations. The game-changing service agreement carries a minimum guaranteed value of $531 million (Dh1.95 billion), fueling Borouge's ambitious expansion strategy while delivering substantial operational efficiencies. The partnership is projected to generate over $5
e& Announces Record 2024 Financial Results with Dh10.8 Billion Net Profit and 83 Fils Dividend
e& Announces Record 2024 Financial Results with Dh10.8 Billion Net Profit and 83 Fils Dividend
In a landmark decision, e& shareholders have enthusiastically approved the Board's recommendation for a cash dividend of 83 fils (Dh0.83) per share for fiscal year 2024, marking another year of exceptional performance for the global technology leader.
Carrefour Bids Farewell to Oman Market After Decades of Service
Carrefour Bids Farewell to Oman Market After Decades of Service
In a significant retail development, Carrefour has officially announced the end of its operations in Oman effective January 7, 2026. The supermarket chain, operated under exclusive rights by Majid Al Futtaim in the Sultanate, shared this emotional farewell through its official social media channels.
Judge Reaffirms Block on Elon Musk's $55.8 Billion Tesla Pay Package Despite Shareholder Vote
Judge Reaffirms Block on Elon Musk's $55.8 Billion Tesla Pay Package Despite Shareholder Vote
A Delaware judge has doubled down on her rejection of Elon Musk's record-breaking $55.8 billion compensation package from Tesla, dismissing the company's attempt to revive the deal through a shareholder vote.
Recommended
The Modern Patient's Guide to Full Dental Implants in America
The Modern Patient's Guide to Full Dental Implants in America
This comprehensive guide examines contemporary implant techniques, realistic cost expectations, and how to select the right provider for your full mouth restoration.
Medicare Advantage Dental Implant Coverage: Costs, Plans, Eligibility & How to Maximize Benefits
Medicare Advantage Dental Implant Coverage: Costs, Plans, Eligibility & How to Maximize Benefits
Medicare Advantage dental implant coverage is one of the most searched topics for seniors exploring long-term tooth replacement options. Traditional Medicare rarely covers dental implants, which leads many patients to look into Medicare Advantage plans for possible benefits, cost reductions, and financing alternatives. Understanding how coverage works is essential before committing to treatment. Most patients want to know what is actually covered, how much they still need to pay, which plans offer the best benefits, and how to find providers who accept Medicare Advantage. This guide focuses entirely on that decision process.
日本の建設工事の総合分析
日本の建設工事の総合分析
日本の人口高齢化と労働力不足の問題がますます深刻化する中、基幹産業である建設業界は大きな人材不足に直面しています。特に建設作業員職は需要が高く、外国人労働者の受け入れも徐々に増加しています。この記事では、建設工事について詳しく説明します。1. 建設労働者の職務責任日本の建設労働者の仕事は多岐にわたり、主に以下の責任を担っています。工事施工: 施工図面と施工計画に従って、コンクリート打設、鉄筋結束、型枠設置、石積みなどの特定の建設作業を完了します。現場でのコラボレーション: 職長、現場監督、その他の専門建設ユニットと緊密に連携し、プロジェクトが計画どおりに進行するようにします。安全管理: 安全操作手順を厳守し、安全保護具を着用し、事故を防止します。品質管理: 建設資材とプロセスの品質をチェックし、設計と仕様の要件を満たしていることを確認します。設備メンテナンス: 建設工事がスムーズに進むよう、建設機械や工具の日常点検と簡単なメンテナンスを担当します。現場清掃: 建設現場を清潔に保ち、廃棄物を適時に清掃し、安全な建設環境を確保します。コミュニケーションと調整: 作業の進捗状況を職長または現
日本の自動車修理工の仕事の包括的分析
日本の自動車修理工の仕事の包括的分析
日本の自動車保有台数の継続的な増加と自動車技術の継続的な進歩に伴い、自動車整備業界の需要は高まっています。自動車整備業務は、自動車の安全な運行を確保し、その耐用年数を延ばすための重要な職種であり、車両の点検、修理、メンテナンスなど多くの業務を担っています。1. 自動車修理工の職務自動車整備士の主な職務は次のとおりです。車両検査と診断: 専門的な機器を使用して、車両の機械システムと電気システムを検査し、故障の原因を診断します。部品の修理および交換: 診断結果に基づいて、エンジン、トランスミッション、ブレーキシステム、サスペンションシステムなどの主要部品を分解、修理または交換します。日常メンテナンス: オイル交換、タイヤ交換、ブレーキパッド交換、フィルター交換などの定期的なメンテナンス作業を実行します。トラブルシューティング: 車のさまざまな機械的および電子的な問題を解決し、車両が正常に動作することを確認します。顧客とのコミュニケーション: 車両の状態、修理計画、費用を顧客に説明し、専門的なアドバイスを提供します。安全チェック: 法定車両検査を実施して、車両が安全基準を満たしていることを確

Advertisement

Top Sedans to Buy in the UAE: Smart Choices for Comfort, Value, and Daily Reliability
Top Sedans to Buy in the UAE: Smart Choices for Comfort, Value, and Daily Reliability
Choosing a sedan in the UAE is no longer just about looks or brand prestige. In 2026, buyers are looking for vehicles that can handle intense heat, long commutes, rising fuel costs, and busy city traffic, all while delivering comfort and dependable performance. Sedans continue to be a popular choice thanks to their balance of efficiency, smooth handling, and lower ownership costs compared to SUVs.With more options than ever before, from trusted Japanese models to increasingly competitive Asian n
India proposes forcing smartphone makers to give source code in security overhaul
India proposes forcing smartphone makers to give source code in security overhaul
India proposes requiring smartphone makers to share source code with the government and make several software changes as part of a raft of security measures, prompting behind-the-scenes opposition from giants like Apple and Samsung.The tech companies have countered that the package of 83 security standards, which would also include a requirement to alert the government to major software updates, lacks any global precedent and risks revealing proprietary details, according to four people familiar
Reverse home bias and the New Year resolution that can change your wealth
Reverse home bias and the New Year resolution that can change your wealth
Every new year begins the same way.
UAE approves new dual-action heart failure treatment for faster, better care
UAE approves new dual-action heart failure treatment for faster, better care
The UAE's drug regulator has approved Inpefa® (sotagliflozin), a new treatment for heart failure. With this approval, the UAE becomes the second country in the world to authorise this therapy, highlighting the nation’s commitment to healthcare innovation.Inpefa® (sotagliflozin) is the first approved treatment for heart failure that works as a dual SGLT1 and SGLT2 inhibitor. This oral medicine helps control blood sugar and supports both heart and kidney health.Approved by the Emirates Drug Establ
Kohli hits 93 as India edge New Zealand in ODI opener
Kohli hits 93 as India edge New Zealand in ODI opener
Virat Kohli hit 93 to help India chase down 301 in a tense four-wicket win over New Zealand in the first one-day international on Sunday.The in-form Kohli struck his 77th ODI half-century but missed out on a ton as India slipped from 234-2 to 242-5 before they reached their target with six balls to spare in Vadodara.Skipper Shubman Gill made 56 in a 118-run second wicket stand with Kohli, who shared another strong partnership with Shreyas Iyer, who made 49.Late cameos by Harshit Rana (29) and wi
Best Themed Restaurants in Dubai: Themes, Locations & More
Best Themed Restaurants in Dubai: Themes, Locations & More
Dubai is not just a city of impressive skylines and luxury shopping; it’s also a hotspot for unforgettable dining experiences. Themed restaurants in Dubai go beyond serving meals—they offer immersive journeys where every visit feels like stepping into a story. Whether you’re seeking family-friendly fun, romantic evenings, or extraordinary adventures, Dubai’s themed dining scene has something for everyone.For those looking to add a little magic to their mealtime, the city offers a wide variety of