Every day there’s a new lunacy out of the EU. From Tyler Durden at zerohedge.com:
Just when you thought the EV lunacy had reached so much of a peak that obvious industry backlash was taking place, think again: because the European Commission is here to prove you otherwise.
And how do they plan on doing that? According to Wheels Alive, a UK automobile publication, the EU is considering banning repairs on vehicles that are more than 15 years old.
The proposed measure, put forward by the European Commission and pending ratification, seeks to gradually eliminate older, high-emission vehicles to promote the adoption of greener alternatives. This pending legislation, which requires the green light from both the European Parliament and the Council, introduces the concept of a ‘residual vehicle’.
Just for perspective, this means vehicles that were manufactured in 2009 or before wouldn’t be considered for major repairs.
The EU’s ‘Fit for 55’ initiative aims for a 55% cut in transport emissions by 2030 from 1990 levels and zero direct emissions by 2050, including a 2035 ban on new combustion engine vehicles, with exceptions for future synthetic fuels.
Hmmm, wont that bring the price down on that Lambo I wanted ?