EU could announce package to support auto industry on December 16, industry source says
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
Published by Global Banking & Finance Review®
Posted on December 8, 2025
1 min readLast updated: January 20, 2026
The EU may announce a support package for the automotive sector on Dec 16, potentially altering the 2035 combustion engine phase-out, though the date is not confirmed.
FRANKFURT, Dec 7 (Reuters) - The European Commission could announce a package to support the local automotive sector, including a possible watered down version of its 2035 combustion engine phase-out, on December 16, an industry source briefed on the matter said.
Brussels is so far planning to announce the package on December 10, but EU transport commissioner Apostolos Tzitzikostas said earlier this week that the package could be delayed until January.
The source said that December 16 was a target but could still change.
A spokesperson for the European Commission declined to comment on the new date, which was first reported by Germany's Tagesspiegel Background.
(Reporting by Christoph Steitz; Additional reporting by Lili Bayer; Editing by Kirsti Knolle, Elaine Hardcastle)
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.
Sustainability in the automotive industry refers to practices that reduce environmental impact, such as producing electric vehicles and implementing eco-friendly manufacturing processes.
Economic growth is an increase in the production of goods and services in an economy over a period of time, typically measured by GDP.
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