17 C
London
Monday, October 7, 2024
HomeNewsItalian League Party Calls for Reversal of EU Ban on Combustion Engines

Italian League Party Calls for Reversal of EU Ban on Combustion Engines

Date:

Related stories

Amazon Requires Employees to Return to Office Five Days a Week

Seattle, September 17, 2024 – Amazon has announced that...

Intel Halts Planned Construction of Factory in Germany Due to Weak Demand

Berlin, September 17, 2024 – Intel, the American chip...

Boeing Announces Cost-Cutting Measures Amid Strike

Seattle, September 17, 2024 – In response to the...

SpaceX Holds $500 Million in Bitcoin, Alongside Tesla’s Crypto Holdings

September 14, 2024 – Elon Musk’s space exploration company,...

UK Firms Fear Stricter Employment Regulations, CBI Warns

London, September 14, 2024 – British businesses are growing...

Rome, September 6 (FinanceFlashNews) – Italian Transport Minister and Deputy Prime Minister Matteo Salvini has called for the reversal of the planned ban on petrol and diesel engines in the European Union (EU), set to take effect in 2035. Salvini and his party, the League, argue that the ban is already causing significant harm to the European economy and particularly to Italy’s automotive industry, which remains heavily reliant on combustion engine technology.

The League plans to introduce a document in the Italian Parliament urging the government to take action in Brussels to overturn the ban. Similar initiatives are expected from the League’s members in the European Parliament. Salvini emphasized that this issue is also gaining traction in Germany, and believes now is the time to reconsider the EU’s decision.

Italy’s automotive sector, employing over 270,000 people and contributing more than 5% to the country’s GDP, faces challenges due to the shift away from combustion engines. In 2023, sales of fully electric vehicles in Italy fell by 27%, making up just 3.7% of new registrations.

Overview of the Italian Automotive Industry:

CategoryValue
Number of Employees270,000
Contribution to GDP5%
Drop in Electric Vehicle Sales27%
Share of Electric Vehicles in Registrations3.7%

Keywords: Matteo Salvini, combustion engines, Italy, automotive industry, European Union, engine ban

Financeflashnewshttps://financeflashnews.com
This article was written by the editorial team of Financeflashnews. We strive to provide you with accurate and up-to-date information from the world of finance and investment. If you find any errors in the article, please let us know at corrections@financeflashnews.com. Your feedback is valuable to us and will help us improve the quality of our content.

Subscribe

- Never miss a story with notifications

- Gain full access to our premium content

- Browse free from up to 5 devices at once

Latest stories