EU Eases Its 2035 EV Mandate As Major Hurdles Slow Progress

(MENAFN- Investor Brand Network) The European Commission has proposed softening regulations requiring all new vehicles sold by 2035 to produce zero emissions. The Tuesday policy adjustment is in response to sustained pressure from major manufacturing nations and automotive companies that are currently facing economic headwinds.

For North American companies like Rivian Automotive Inc. (NASDAQ: RIVN) looking to increase their share of the EU market, the changes in...

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