In April 2019, the European Parliament and Council adopted Regulation (EU) 2019/631 introducing CO2 emission standards for new passenger cars and light commercial vehicles (vans) in the European Union. This regulation set reduction targets of -15% and -37.5% for the tailpipe CO2 emissions of newlyregistered cars for the years 2025 and 2030 respectively. The 2030 target set for vans was -31%.

Last year – as part of its ‘Fit for 55’ climate package – the European Commission proposed a review of the Regulation, maintaining the target of -15% for 2025, strengthening the 2030 target to -55%, and introducing a new -100% target for 2035. In June 2022, both the European Parliament and EU member states endorsed the CO2 targets as proposed by the European Commission.