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France: stop selling petrol cars by 2040

This was stated by the Minister of the Environment, Nicolas Hulot, proposing this objective also at a European level - The measure, he added, provides for "a transition premium" which has not yet been defined

France: stop selling petrol cars by 2040

A revolutionary future for the car takes shape. After the announcement of Volvo, which from 2019 will produce only hybrid and electric cars, yesterday it was France that made a change in the sector: Paris intends to ban the sale of petrol and diesel cars "by 2040". This was stated by the French Environment Minister, Nicolas Hulot, proposing this objective also at the European level. The measure, he added, provides for an as-yet-undefined "transition bonus" to help families replace a diesel car that dates back to before 1997 or a petrol-powered car from before 2001 with a more efficient new or older vehicle. occasion.

This initiative is part of the climate plan of the new French government, which aims in particular to put into practice the will of President Emmanuel Macron to defend the Paris climate agreement and to allow France to find a balance between gas emissions greenhouse and the ecosystem's ability to absorb some of it.

Hulot also confirmed the goal that France "end all energy production from coal, the main source of CO2 emissions, by 2022 and to bring the share of nuclear energy from 75% to 50%. electricity to 2025, which includes the need to shut down a certain number of reactors according to social and economic safety criteria".

To develop green energies (especially wind and solar) the Government will also take measures to simplify the regulatory framework, while buildings that are not adequately insulated and consume too much energy will have to be eliminated "in 10 years", said Hulot, referring to use of the 4 billion euro investment plan announced by Prime Minister Edouard Philippe.

Hulot also said that a law will be proposed "in late summer or early autumn" to block all new permits to exploit oil, gas and coal, while "a price for pollution" is foreseen through an increase in the price of a ton of coal, not yet established, but with the aim of exceeding 100 euros in 2030.

On the car front, the finish line is still far away, but not too far, if adequate environmental incentives are triggered. The novelty helps explain the liveliness of the sector, one of the brightest in the Old Continent. Yesterday in Milan Brembo gained 4,5%, with volumes well above the average. Landi Renzo did even better (+9,8%, today +2,77% one hour after opening), one of the veteran alternatives to petrol and diesel. Fiat Chrysler advances (yesterday +0,83%, today +0,46%).

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