Published: Fri, July 07, 2017
Markets | By Erika Turner

France to end sale of diesel, gasoline vehicles by 2040

France to end sale of diesel, gasoline vehicles by 2040

France's environment minister Nicolas Hulot just announced an ambitious goal aimed at curbing climate change: Stopping the sale of all gasoline-or-diesel-powered cars by 2040.

The move is part of the Macron government's aim for France to become carbon neutral by 2050, and was announced today at a press conference. He said the goal would put a burden on vehicle manufacturers in France but the government has a few projects which "can fulfill that promise". Though as we explained, Volvo is not getting rid of its gas-powered cars, they only said that they will be adding electric powertrains, hybrid and all-electric, to all their new auto models starting in 2019.

France will also halt all coal-fired energy production by 2022, he said, slash the share of nuclear power from 75 to 50 percent in the next eight years and stop importing palm oil and soy beans that are grown unsustainably.

France's latest announcement comes soon after newly elected president Emmanuel Macron revealed his intentions to make France a leading country in the fight against climate change, saying he wanted to "make the planet great again".

France is pledging to ban all fossil fuel- and diesel-powered cars by 2040. Hulot said the country will ban the polluting vehicles then, but does have a few plans to make the transition a little easier.

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The shares were bought at an average price of GBX 186 ($2.41) per share, for a total transaction of £27,900 ($36,139.90). The Roadside Assistance segment sends patrols to members stranded at the side of the road and repairs their vehicles.

The day after carmaker Volvo said it was going all-in on electric vehicles, an entire country has followed.

The Netherlands has mooted a 2025 ban for diesel and petrol cars, and some federal states in Germany are keen on a 2030 phase-out.

France is set to ban the sale of any auto that uses petrol or diesel fuel by 2040, in what the ecology minister called a "revolution".

Very recently, President Trump made the first steps to pull the U.S. out of the Paris Agreement, a controversial decision that has distanced America from climate leaders.

In 2016, hybrid and electric cars accounted for only 3.6 percent of new cars registered in Western Europe, according to the European Automobile Manufacturers' Association (ACEA).

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