Welcome to the Daily 5 report for Wednesday, Dec. 17.
As is the case in North America, a government-driven effort in Europe to transition to zero-emission vehicles has hit a stumbling block. Yesterday, the European Union scrapped a 2035 zero-emission mandate for new cars, instead cutting emissions by 90 percent versus 2021.
Automotive News Europe's Peter Sigal has been keeping tabs on the policy shift. Today, he follows up with an analysis of the winners and losers. Find out which automakers, nations and other stakeholders are affected here.
Looking ahead, the European Union's new auto package — which faces months of negotiations before final approval — includes help for small EVs but tightens targets for business fleets.
This piece by Micha Gebhardt and Hans Evert breaks down the terms of the proposed package: Will EVs be subsidized, what interim targets are planned and when will the new rules take effect are just some of the questions they answer.
While this story is regional in nature, it's of global interest. No doubt automakers, suppliers, dealers and others across the world want to see what happens next.
That's all for now. Have a great rest of your day. If you want to view this story on your browser, click here.
— Omari Gardner, managing editor, operations
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