According to Germany's “Business Daily” on Tuesday, citing senior European Commission sources, the European Commission is preparing a new compensation mechanism plan that may allow car manufacturers to continue selling fuel-powered vehicles beyond 2035. The report said that according to this proposed framework, up to 30% of the EU's climate targets can be achieved through alternative fuels, while the remaining 70% can be achieved by using green steel. “Commercial Daily” quoted informed negotiators as saying that negotiations on specific accounting rules are still ongoing. The release of this report coincides with the European Commission's submission of official legislative proposals on the same day. Earlier, the German and Italian governments and the automobile industry carried out extensive lobbying activities, prompting the European Union's Brussels side to relax the content of the original proposal to completely ban the sale of new fuel vehicles. “Commercial Daily” points out that the mechanism under review is expected to achieve an actual emission reduction of 90%, paving the way for subsequent continuous sales of fuel vehicles through carbon dioxide offset credits.

According to Germany's “Business Daily” on Tuesday, citing senior European Commission sources, the European Commission is preparing a new compensation mechanism plan that may allow car manufacturers to continue selling fuel-powered vehicles beyond 2035. The report said that according to this proposed framework, up to 30% of the EU's climate targets can be achieved through alternative fuels, while the remaining 70% can be achieved by using green steel. “Commercial Daily” quoted informed negotiators as saying that negotiations on specific accounting rules are still ongoing. The release of this report coincides with the European Commission's submission of official legislative proposals on the same day. Earlier, the German and Italian governments and the automobile industry carried out extensive lobbying activities, prompting the European Union's Brussels side to relax the content of the original proposal to completely ban the sale of new fuel vehicles. “Commercial Daily” points out that the mechanism under review is expected to achieve an actual emission reduction of 90%, paving the way for subsequent continuous sales of fuel vehicles through carbon dioxide offset credits.