EU Parliament allows low-volume automakers to sell ICE cars after 2035

Bloomberg recently ran a piece about how new cars are "just for the rich" thanks to constraints — real and artificial — that have boosted prices and profits. It's possible internal combustion engines will end up behind the same paywall. The European Parliament has been laying out the regulations that will guide the transport industry to and beyond 2035, when the EU will forbid sales of new ICE-powered passenger cars and vans. The latest step in the process was to approve a carveout for automakers that register fewer than 1,000 cars per year. Basically, every independent hypercar maker on The Continent plus Bugatti would be allowed to sell 1,000 units annually.