Market Chatter: EU to Reportedly Scrap Planned 2035 Ban on Combustion Engines

07:33 AM EST, 12/16/2025 (MT Newswires) -- The European Commission is said to scrap a planned ban on the sale of cars running on combustion engines beginning in 2035 as part of efforts to ease emissions rules, Bloomberg News reported Tuesday. People with knowledge of the matter told the news outlet that the commission will lower the tailpipe emissions reduction target to 90% from the current 100%. European automotive companies will also be allowed to continue selling plug-in hybrids and electric vehicles with range extenders powered by fuel to help them compete with global peers. The commission did not immediately respond to MT Newswires' request for comment. (Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)