Tuesday, October 17, 2017

France eyes electric vehicle jackpot in Europe, but China threatens to dominate the new technology



She city of Paris is to ban all petroleum-based

vehicles on its territory by 2030 and prohibit diesel cars as soon as 2024, sending fresh shockwaves through Europe’s stunned motor industry.

The extremely tight timetable pre-empts France’s drive to end sales of the internal combustion engine by 2040, and shows just how quickly the electric revolution is shaking up the old order. It underscores the mounting business risk facing those car producers still betting that petrol and diesel models are here to stay.

“It is a credible and sustainable trajectory,” said Christophe Najdovski, the Green deputy-mayor of Paris. “We’re planning to press ahead with the end of fossil-based vehicles because quite simply we’re running out of time. The climate cannot wait.”