Finance
Volkswagen welcomes EU move to drop combustion engine ban
Published by Global Banking and Finance Review
Posted on December 16, 2025
Last updated: January 7, 2026
Global Banking and Finance Review
Company
Published by Global Banking and Finance Review
Posted on December 16, 2025
Last updated: January 7, 2026
FRANKFURT, Dec 16 (Reuters) - Volkswagen, Europe's largest automaker, on Tuesday said an EU proposal to drop an effective ban on new combustion-engine cars from 2035 was "economically sound".
"Opening up the market to vehicles with combustion engines while compensating for emissions is pragmatic and in line with market conditions," the company said in e-mailed comments.
(Reporting by Christina Amann and Christoph SteitzEditing by David Goodman)
A combustion engine is an engine that generates power by burning fuel, typically gasoline or diesel, to create a force that moves the vehicle. It is a common technology used in automobiles.
Sustainability refers to the practice of using resources in a way that meets current needs without compromising the ability of future generations to meet their own needs. It often involves environmental conservation and responsible resource management.
Market compensation refers to the practice of adjusting prices or wages based on market conditions to ensure competitiveness and fairness. It can involve compensating for emissions or other factors in various industries.
Economic soundness refers to the stability and reliability of an economic policy or practice, indicating that it is based on solid principles and is likely to produce positive outcomes without leading to financial instability.
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