EU lawmakers back weaker 2035 car emissions target

What happened

A European Parliament committee voted to weaken proposed EU car emissions targets for 2035, removing the proposed requirement that automakers sell only zero-emission vehicles from then. The agreement sets an 87.5% cut for cars, with a 7.5% top-up tied to EU-made low-carbon steel. The change is not final: the full assembly votes in December, followed by negotiations with EU governments.

Proposed

Global impact / market context

If approved, the weaker target would let automakers continue selling some vehicles that are not zero-emission after 2035, rather than requiring every new vehicle to meet that standard. That could change companies’ product plans, factory investment and costs, while affecting demand for low-carbon steel.

Analyst inference

The committee vote is an initial step, not a settled EU rule. The full Parliament must vote in December, and its position will then be negotiated with EU governments, which are still deliberating. The final target and its effect on automakers therefore remain uncertain.

Confirmed

What to watch

1. Watch the full European Parliament vote in December; its decision will establish Parliament’s position, but will not by itself make the proposed target final. Confirmed
2. Watch negotiations with EU governments after the vote, including whether they retain the 87.5% cut and the top-up linked to EU-made low-carbon steel. Confirmed
3. If the proposal survives negotiations, automakers may adjust vehicle offerings and investment plans; the scale of any changes depends on the final rules and timing. Analyst inference

Evidence

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