G-7 summit eyes ambitious shift to electric cars and away from oil

Automotive Industry

Source: Automotive News Europe, 2021-06-10

Group of Seven leaders are discussing ambitious plans to shift the balance of car buying away from gasoline to greener vehicles by the end of the decade, as part of a package of measures to combat climate change.

Under one proposal contained in a document seen by Bloomberg, G-7 governments would “strive” to ensure that the majority of all new passenger car sales are not gasoline or diesel-powered “by 2030 or sooner.” Countries are divided on how specific the measures should be.

All seven national leaders gathering for their summit in Cornwall, southwestern England, are also set to promise more funding to help the developing world cut carbon emissions, though details of how much are not clear.

The commitments have not yet been agreed to by G-7 officials who are drafting the conclusions of this weekend’s summit. But setting the goal for moving away from gasoline could represent a turning point in efforts to reduce global oil consumption and reduce greenhouse gas emissions.

The plans are still in draft form and it’s not clear yet that leaders – crucially including US President Joe Biden -- will endorse the proposed wording on moving away from polluting cars.

A US Official declined to say whether the White House supports the drafting under discussion, including whether to set a goal that more than half of vehicles sold in 2030 are non-emitting.


back to ECG news