A planned EU ban on the sale of internal combustion engine vehicles, expected to come into force in 2035, will create economic and social risks for Europe at a time of high geopolitical uncertainty, a coalition of fuel manufacturers has told European policymakers.
The high cost of raw materials necessary for the production of batteries, such as nickel, lithium, and cobalt, and the EU’s dependency on third countries for these resources, are highlighted in the letter as threats to the affordability of electric vehicles.
There is discord over the role alternative fuels should play.