U.K. MOVES TO BAN NEW DIESEL AND PETROL CARS BY 2040

July 25, 2017 wsj.com

The U.K. government is set to propose a ban today on new diesel and petrol cars after 2040, as part of a plan to tackle air pollution and concerns about climate change, reports Eric Sylvers.

The move comes as Europe is moving decisively against the combustion engine.

This month France announced similar plans to phase out diesel and petrol cars in the same time period and Norway’s leading political parties reached an agreement  to ban new petrol powered cars by 2025.

The world’s big oil companies have planned for the possible phase out of fossil fuels as the main energy source that powers vehicles, writes Sarah Kent.

According to a report published last year by the consulting firm Wood Mackenzie, electric cars are likely to reduce gasoline demand in the U.S. by 5%—and possibly by as much as 20%—by 2035.

Companies such as Shell are looking at ways to adapt its fuel stations to cater to both electric and gas-fueled vehicles in certain markets.