EU Scraps 2035 EV Mandate; Von der Leyen Targets China Trade Imbalance
Germany and France officially abandoned the EU's 2035 internal combustion engine ban, while EU Commission President Von der Leyen called the EU-China trade imbalance 'structurally unsustainable.'
What we know
@Polymarket broke the news that Germany and France have joined forces to scrap the EU's 2035 climate neutrality goal for cars, a major policy reversal with 205k views. Simultaneously, several accounts on X reported Von der Leyen declaring the China trade imbalance 'structurally unsustainable,' with an account on X also noting a $70 billion Ukraine funding gap for 2027.
How the story developed
Germany and France officially abandoned the EU's 2035 internal combustion engine ban, while EU Commission President Von der Leyen called the EU-China trade imbalance 'structurally unsustainable.'
China's combustion engine vehicles now account for only 33% of the market — down from 90%+ just 5 years ago — as battery EVs approach 50% market share, accelerated by the Hormuz energy crisis.
Sources
“Germany and France join forces to officially scrap the EU's 2035 climate neutrality goal for cars”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.