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EU agrees to cut car emissions by 37.5% by 2030

According to a media report, the European Union (EU) has agreed to cut vehicle emissions by 37.5% by 2030. The European Parliament and the EU countries also agreed to cut down van emissions by 31% by 2030 with an interim target of 15% by 2025.

After months of standoff between the member countries over the figures for an emission cut, the 28-nation union came to an agreement with a compromise. While some countries were pushing for a 40% cut, countries like Germany were demanding a 35% reduction. An equidistant figure of 37.5% was agreed by all.

According to 2017 figures, the German auto industry is estimated at US$ 480 billion. The country had warned of job cuts with the adoption of stricter emission norms and the adoption of electric mobility solutions.

Around a third of all cars sold in Europe by 2030 are expected to be electric or powered by hydrogen. The European Union is now considering a reduction on truck emissions.

Source: Reuters

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