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EU set to call time on combustion engine within two decades

By Nick Carey, Kate Abnett and Ilona Wissenbach LONDON (Reuters) – The European Union is set to propose measures on Wednesday, as part of a broad climate package, that signal the end of petrol (gasoline) and diesel car sales within 20 years, and accelerate a switch to electric propulsion. Many carmakers have already announced huge investments in electrification, partly in anticipation of tougher emissions targets, but want to know whether the EU will back them by building public charging stations, and how soon it wants hybrid electric/combustion vehicles to be phased out. “By 2040, most carmakers’ models will be pretty much electrified anyway,” said Nick Parker, a managing director at consultancy AlixPartners. “The question is whether they (the EU) might try to force the journey along the way or leave it up to individual carmakers to decide that path for themselves.”

TESLA : Gets a Neutral rating from UBS

TESLA : Gets a Neutral rating from UBS
marketscreener.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from marketscreener.com Daily Mail and Mail on Sunday newspapers.

Tesla stock price drop leaves analysts split on company valuation

Tesla stock price drop leaves analysts split on company valuation
msn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from msn.com Daily Mail and Mail on Sunday newspapers.

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