search-icon-hover
Top > News List > Articles
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The EU's stance is very different to that of the United States, where President Donald Trump has withdrawn support for EVs.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."

Read More

Advertisement

Advertisement

Recommended
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.
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
Le Mans Legends: Where History, Speed and Investment Collide
Le Mans Legends: Where History, Speed and Investment Collide
For racing enthusiasts, few names carry the weight of Le Mans. This hallowed French circuit represents to motorsport what Wimbledon does to tennis or Augusta National to golf - a sacred proving ground where legends are made. The storied Sarthe River circuit has witnessed automotive history since hosting France's inaugural Grand Prix in 1906, though its roots stretch back further than the Roman conquest of 47 BC.

Advertisement

Advertisement

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.
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
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
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.

Advertisement

Advertisement

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.
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
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.
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.
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
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
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.
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.
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
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.

Advertisement

Access ranking
Dubai’s Top Hair Salons for Your Next Stunning Transformation
Dubai is a city that celebrates style, and nothing completes a look quite like a fresh hair transformation. Whether you’re aiming for a precision cut, seamless balayage, glossy extensions, or a full hair overhaul, choosing the right salon is essential. The city is home to a mix of experienced veterans and innovative newcomers, each offering unique approaches to haircare and styling.For those seeking luxury and expertise, Pastels Salon has been a cornerstone of Dubai’s beauty scene for over 20 ye
Dubai’s Top Hair Salons for Your Next Stunning Transformation
Say Goodbye to Wrinkles and Dark Spots: The Best Skin Solutions for a Radiant Glow
Tired of dealing with wrinkles and dark spots? It's time to rejuvenate your skin and say goodbye to those signs of aging. Referenciak the link below to discover the most effective skincare treatments, anti-aging products, and professional services that can help you achieve smooth, glowing skin without the need for invasive procedures.
Say Goodbye to Wrinkles and Dark Spots: The Best Skin Solutions for a Radiant Glow
'One Battle After Another' heads into Golden Globes as favourite
Hollywood's A-listers are set to hit the red carpet on Sunday for the Golden Globes, with the politically charged One Battle After Another expected to solidify its status as the film to beat this awards season.With nine nominations, One Battle... appears a lock to take home the prize for best comedy/musical film."We're seeing a real sweep and a juggernaut in that movie," Deadline's awards columnist and chief critic Pete Hammond said, two months ahead of the Oscars.Paul Thomas Anderson's screwbal
'One Battle After Another' heads into Golden Globes as favourite
How tourists can save big with this special nol card
Planning a trip to Dubai? Whether you’re here for a few days or an extended stay, the nol Travel Card is your perfect companion for exploring the city with ease and savings. Designed by Dubai’s Roads and Transport Authority (RTA), this innovative smart card brings together convenient public transport access and incredible offers across attractions, dining, and hotels — all in one sleek package.With Dubai’s world-class infrastructure and countless sights to explore, getting around efficiently is
How tourists can save big with this special nol card
Looking for a Affordable and Convenient Shared Room in Singapore
Need a place to stay without breaking the bank? Looking for a shared room is a popular option for students, young professionals, and newcomers in Singapore who want affordable yet comfortable living. Referenciak the link below to explore available shared rooms across the city and compare prices, locations, and facilities.
Looking for a Affordable and Convenient Shared Room in Singapore
From Humble Beginnings to Financial Wisdom: Leena Bansal's Money Journey in Dubai
Leena Bansal, an Indian fashion brand strategist thriving in Dubai, reveals how four years in the UAE transformed her financial mindset. In a city bursting with luxury temptations, she's mastered the art of strategic money management while building a safety net for her family's future. The Essence of Money: One Word That Defines It All "Potential," Leena states without hesitation. "Money isn't just currency - it's possibility made tangible." A Love Story With Finances "Early marriage meant tiny
From Humble Beginnings to Financial Wisdom: Leena Bansal's Money Journey in Dubai
freeCodeCamp’s Responsive Web Design (Free) Certification Is Out of Beta
The new curriculum embraces project-based learning, with other certifications soon to be updated similarly.
freeCodeCamp’s Responsive Web Design (Free) Certification Is Out of Beta
Affordable & Safe Dental Implants: Get Your Perfect Smile Without Breaking the Bank
Dreaming of a confident smile but worried about the cost? Now you can get safe and affordable dental implants that look and feel just like natural teeth — without spending a fortune. Discover clinics offering high-quality implant treatments performed by certified professionals at unbeatable prices.
Affordable & Safe Dental Implants: Get Your Perfect Smile Without Breaking the Bank
Credit Card Secrets: How to Avoid Hidden Fees and Maximize Your Benefits
Plastic money has become second nature - we swipe for coffee, tap for groceries, and wave our phones at checkout without a second thought. But behind the convenience lies a financial minefield most cardholders don't fully understand. From sneaky interest charges to missed reward opportunities, here's your ultimate guide to mastering your credit card. The Shocking Truth About Interest Rates Did you know UAE credit cards charge between 2-4% monthly interest? That compounds to a staggering 24-48%
Credit Card Secrets: How to Avoid Hidden Fees and Maximize Your Benefits
Plan Your Diwali Bash in the UAE: 8 Smart Ways to Celebrate Big Without Overspending
Diwali is just around the corner, and for many in the UAE, the excitement comes with a dash of financial anxiety. From choosing the right food to setting up festive décor, costs can quickly add up if you don’t plan wisely. The good news? With a little creativity and foresight, you can host a dazzling celebration without burning through your savings.Event planners agree that the secret lies in preparation. Deciding on a realistic budget before diving into décor ideas is the first step to avoiding
Plan Your Diwali Bash in the UAE: 8 Smart Ways to Celebrate Big Without Overspending
UAE’s New Monthly Rent Model Brings Fresh Relief for Tenants — And Signals a Smarter Era for Leasing
Monthly rental payments are steadily becoming one of the most welcome changes in the UAE housing market, offering residents a smoother, more manageable way to organise their finances. What used to be one of the biggest hurdles for tenants — paying rent in one to four large cheques — is now shifting toward a structure that reflects how people actually earn, budget and plan for the future. As the market heads toward 2026, this simple change is shaping up to be one of the most impactful adjustments
UAE’s New Monthly Rent Model Brings Fresh Relief for Tenants — And Signals a Smarter Era for Leasing
UAE Cracks Down on Ramadan Begging: Over 400 Arrested in Nationwide Campaign
Authorities across the United Arab Emirates have intensified their fight against organized begging during the holy month of Ramadan, with police forces arresting more than 400 individuals engaged in fraudulent solicitation schemes.
UAE Cracks Down on Ramadan Begging: Over 400 Arrested in Nationwide Campaign
Emirati Astronauts Inspire Berlin with Vision of AI-Powered Space Exploration
The United Arab Emirates' pioneering space explorers - the Arab world's first astronaut and its groundbreaking female astronaut - took center stage in Berlin this week, showcasing how artificial intelligence is revolutionizing space exploration while fostering international collaboration. Representing the Mohammed Bin Rashid Space Centre (MBRSC), astronauts Hazzaa Al Mansouri and Nora Al Matrooshi brought Dubai's cutting-edge space technology to GITEX EUROPE at Messe Berlin from May 21-23. In an
Emirati Astronauts Inspire Berlin with Vision of AI-Powered Space Exploration
The Truth About Making Money as an Author: Passion, Persistence, and Practical Strategies
Imagine crafting bestselling novels from a sunlit beach or a cozy café while landing lucrative book deals—it’s the dream many aspiring writers chase. But how realistic is it to earn a living as an author today? In an era dominated by social media influencers and digital creators, can writing books still be profitable?
The Truth About Making Money as an Author: Passion, Persistence, and Practical Strategies
UAE VAT Refund Guide for Tourists: How to Claim Your Savings Before You Travel Home
Shopping in the UAE is more than a pastime—it’s an essential part of the visitor experience, offering world-class malls, premium brands, and competitive prices. To ensure tourists continue enjoying great value even after VAT was introduced in 2018, the UAE government created a dedicated Tourist Refund Scheme. This programme allows eligible visitors to recover VAT paid on qualifying retail purchases through a seamless tax-free refund process.The system is overseen by the Federal Tax Authority (FT
UAE VAT Refund Guide for Tourists: How to Claim Your Savings Before You Travel Home
UK M&A Boom: Global Investors Rush to Snap Up Undervalued British Firms
London's financial markets witnessed a frenzy of dealmaking this week as global corporations and private equity firms raced to acquire British companies at bargain prices. Monday alone saw over $10 billion in takeover bids - the busiest single day this year according to Dealogic data - signaling renewed confidence in UK assets after months of market volatility. Market analysts suggest the buying spree reflects perfect timing, with depressed UK valuations coinciding with relative currency stabili
UK M&A Boom: Global Investors Rush to Snap Up Undervalued British Firms
India's Shubman Gill calls it 'destiny' after shock T20 World Cup snub
Test and ODI skipper Shubman Gill on Saturday said he respected the Indian selectors' shock decision to drop him from the squad for the T20 World Cup on home soil, calling it "destiny".The 26-year-old will lead the one-day team in three matches against New Zealand starting Sunday in Vadodara before many of India's players head into a five-match T20 series.Indian selectors surprisingly axed the batsman from the T20 squad after he scored only 291 runs in his past 15 matches in the game's shortest
India's Shubman Gill calls it 'destiny' after shock T20 World Cup snub
Turn Back Time: A Somatic Coach’s Guide to Reversing Biological Age Naturally
After years in the fast-paced corporate world, London-based Somatic & Nervous System Coach Estee Lantos hit a breaking point—her body was aging faster than her years, and chronic stress had left its mark. Determined to reclaim her health, she left her high-pressure career, reversed her autoimmune condition, and embraced a balanced, feminine-led lifestyle. Today, she guides others in restoring vitality through nervous system regulation, somatic healing, and mindful biohacking.We spoke with Estee
Turn Back Time: A Somatic Coach’s Guide to Reversing Biological Age Naturally
Retirement Savings in Israel: Untangling the Keren Pensia, Bituach Menahalim, and Kranot Hisachon
Planning for retirement in Israel involves navigating a system with specific financial products. Understanding the differences between them is the first step to securing your financial future.
Retirement Savings in Israel: Untangling the Keren Pensia, Bituach Menahalim, and Kranot Hisachon
Best Marketing Platforms to Boost Your Business in Singapore
Looking to grow your business faster in 2026? The right marketing platform can make all the difference. Check out the top digital marketing tools and agencies below to start scaling your brand today.
Best Marketing Platforms to Boost Your Business in Singapore

Advertisement