Search
00
GBAF Logo
trophy
Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

Subscribe to our newsletter

Get the latest news and updates from our team.

Global Banking and Finance Review

Global Banking and Finance Review - Subscribe to our newsletter

Company

    GBAF Logo
    • About Us
    • Profile
    • Privacy & Cookie Policy
    • Terms of Use
    • Contact Us
    • Advertising
    • Submit Post
    • Latest News
    • Research Reports
    • Press Release
    • Awards▾
      • About the Awards
      • Awards TimeTable
      • Submit Nominations
      • Testimonials
      • Media Room
      • Award Winners
      • FAQ
    • Magazines▾
      • Global Banking & Finance Review Magazine Issue 79
      • Global Banking & Finance Review Magazine Issue 78
      • Global Banking & Finance Review Magazine Issue 77
      • Global Banking & Finance Review Magazine Issue 76
      • Global Banking & Finance Review Magazine Issue 75
      • Global Banking & Finance Review Magazine Issue 73
      • Global Banking & Finance Review Magazine Issue 71
      • Global Banking & Finance Review Magazine Issue 70
      • Global Banking & Finance Review Magazine Issue 69
      • Global Banking & Finance Review Magazine Issue 66
    Top StoriesInterviewsBusinessFinanceBankingTechnologyInvestingTradingVideosAwardsMagazinesHeadlinesTrends

    Global Banking & Finance Review® is a leading financial portal and online magazine offering News, Analysis, Opinion, Reviews, Interviews & Videos from the world of Banking, Finance, Business, Trading, Technology, Investing, Brokerage, Foreign Exchange, Tax & Legal, Islamic Finance, Asset & Wealth Management.
    Copyright © 2010-2026 GBAF Publications Ltd - All Rights Reserved. | Sitemap | Tags | Developed By eCorpIT

    Editorial & Advertiser disclosure

    Global Banking and Finance Review is an online platform offering news, analysis, and opinion on the latest trends, developments, and innovations in the banking and finance industry worldwide. The platform covers a diverse range of topics, including banking, insurance, investment, wealth management, fintech, and regulatory issues. The website publishes news, press releases, opinion and advertorials on various financial organizations, products and services which are commissioned from various Companies, Organizations, PR agencies, Bloggers etc. These commissioned articles are commercial in nature. This is not to be considered as financial advice and should be considered only for information purposes. It does not reflect the views or opinion of our website and is not to be considered an endorsement or a recommendation. We cannot guarantee the accuracy or applicability of any information provided with respect to your individual or personal circumstances. Please seek Professional advice from a qualified professional before making any financial decisions. We link to various third-party websites, affiliate sales networks, and to our advertising partners websites. When you view or click on certain links available on our articles, our partners may compensate us for displaying the content to you or make a purchase or fill a form. This will not incur any additional charges to you. To make things simpler for you to identity or distinguish advertised or sponsored articles or links, you may consider all articles or links hosted on our site as a commercial article placement. We will not be responsible for any loss you may suffer as a result of any omission or inaccuracy on the website.

    Home > Finance > Car industry bets that EU will delay announcement on combustion engine cut-off, sources say
    Finance

    Car industry bets that EU will delay announcement on combustion engine cut-off, sources say

    Published by Global Banking and Finance Review

    Posted on December 3, 2025

    2 min read

    Last updated: January 20, 2026

    Car industry bets that EU will delay announcement on combustion engine cut-off, sources say - Finance news and analysis from Global Banking & Finance Review
    Why waste money on news and opinion when you can access them for free?

    Take advantage of our newsletter subscription and stay informed on the go!

    Subscribe

    Tags:sustainabilityEuropean CommissionAutomotive industryinnovationfinancial community

    Quick Summary

    The EU Commission might delay its decision on the 2035 combustion engine ban, with carmakers lobbying for more flexibility.

    EU Commission May Postpone Combustion Engine Ban Decision

    BERLIN, Dec 3 (Reuters) - The European Commission may delay the announcement of its support package for the EU car industry, which carmakers are hoping could include a revision of a 2035 ban on the sale of combustion engines, industry sources said on Wednesday.

    The Commission, the EU's executive arm, is scheduled to announce the package on December 10, but a German car industry source said that date would probably be delayed.

    Another industry source said there was a sense shared by all automakers that the EU Commission could delay the publication of its proposals beyond December 10.

    This source also said there was not any official confirmation of any delay.

    Earlier this week, EU Transport Commissioner Apostolos Tzitzikostas told Handelsblatt the announcement of the package could be delayed until early January.

    European carmakers are lobbying Brussels for greater flexibility on the combustion engine ban, such as acceptance of CO2-neutral fuels and plug-in hybrids.

    The industry is trying to navigate the costly shift to electric while facing competition from China and margin-squeezing tariffs.

    A letter to Brussels from German Chancellor Friedrich Merz appealing for plug-in hybrids and "highly efficient" combustion engines to be exempt from the cut-off was well received, Tzitzikostas told the German business daily.

    The European Commission said on Tuesday all of its timings are indicative.

    "We are still receiving some input. We received the German contribution on Friday. We're still waiting for some others. It is an ongoing process and, in view of all input, a decision on the next steps will be made," a Commission spokesperson said.

    (Reporting by Rachel More in Berlin, Giulio Piovaccari in Rome and Philip Blenkinsop in BrusselsEditing by Kirsti Knolle, Madeline Chambers and Jane Merriman)

    Key Takeaways

    • •EU Commission may delay the combustion engine ban announcement.
    • •Carmakers seek flexibility on the 2035 ban.
    • •German Chancellor supports plug-in hybrid exemptions.
    • •EU Transport Commissioner hints at a January announcement.
    • •The decision process is ongoing with input from various sources.

    Frequently Asked Questions about Car industry bets that EU will delay announcement on combustion engine cut-off, sources say

    1What is the European Commission?

    The European Commission is the executive branch of the European Union responsible for proposing legislation, implementing decisions, and managing the day-to-day operations of the EU.

    2What is a combustion engine?

    A combustion engine is an engine that generates power by burning fuel, such as gasoline or diesel, to create a series of controlled explosions that drive pistons.

    3What are plug-in hybrids?

    Plug-in hybrids are vehicles that combine a traditional internal combustion engine with an electric motor and can be recharged from an external power source.

    4What is CO2-neutral fuel?

    CO2-neutral fuel refers to fuels that do not increase the total amount of carbon dioxide in the atmosphere when burned, often produced from renewable sources.

    5What is the significance of the 2035 ban on combustion engines?

    The 2035 ban on combustion engines is a proposed regulation by the EU aimed at reducing carbon emissions from vehicles, promoting a shift towards electric and sustainable transportation.

    More from Finance

    Explore more articles in the Finance category

    Image for UK industry body says Sanofi in breach over RSV therapy claims against Pfizer
    UK industry body says Sanofi in breach over RSV therapy claims against Pfizer
    Image for Zurich Insurance discloses interest in UK's Beazley as takeover battle intensifies
    Zurich Insurance discloses interest in UK's Beazley as takeover battle intensifies
    Image for London's luxury One Hyde Park wins UK lawsuit over $48 million repair bill
    London's luxury One Hyde Park wins UK lawsuit over $48 million repair bill
    Image for Factbox-What is in France's 2026 budget?
    Factbox-What is in France's 2026 budget?
    Image for Banco BPM to double board seats chosen by minority investors, documents show
    Banco BPM to double board seats chosen by minority investors, documents show
    Image for Trump still aims for Greenland control, its Prime Minister Nielsen warns
    Trump still aims for Greenland control, its Prime Minister Nielsen warns
    Image for Ukraine's electricity imports jump 40% to record 894 gigawatt hours in January
    Ukraine's electricity imports jump 40% to record 894 gigawatt hours in January
    Image for France set to pass delayed 2026 budget, ending months-long saga
    France set to pass delayed 2026 budget, ending months-long saga
    Image for Uber in talks with French social security agency after driver status dispute
    Uber in talks with French social security agency after driver status dispute
    Image for Aptiv's quarterly profit falls on higher tax expense
    Aptiv's quarterly profit falls on higher tax expense
    Image for EU's Russian gas import ban legally sound, will end 'blackmail', Energy Commissioner says
    EU's Russian gas import ban legally sound, will end 'blackmail', Energy Commissioner says
    Image for Olympics-Milan hit by rail strike in run-up to opening of Games 
    Olympics-Milan hit by rail strike in run-up to opening of Games 
    View All Finance Posts
    Previous Finance PostGermany, France, Spain to tackle fighter dispute next week, says source
    Next Finance PostBritain lifts blanket ban on Spanish pork imports, adopts regional controls