Milan, Italy — European governments have historically been more aggressive than the United States in regulating fuel consumption with high gas taxes, favorable diesel tax breaks and escalating penalties on non-electric automobiles.
That is about to change.
Automakers selling in the United States will face exorbitant federal fines from regulatory bodies by 2026 if they do not meet electric vehicle sales targets. Together with the goal of California — America’s largest auto market — to ban gas engine sales by 2035, that poses a significant challenge for automakers over the next decade in a market where customer prefer gas power.
