New report explores the impact on the fuels industry of outlawing sales of new conventional vehicles.
ALEXANDRIA, Va.—In response to the call for emissions reduction, there has been a wave of policies banning the future sale of internal combustion engines (ICE) across the globe. Given the size of the transportation market, these policies will have broad implications for affected markets and require a great deal of forethought. The Fuels Institute has released “Policy Considerations: Proposals to Ban the Sale of Combustion Engine Vehicles” as a tool to prompt discussion and encourage policymakers to carefully consider the potential implications of such a policy in order to mitigate negative and amplify positive outcomes.
“The best policies are those that have considered the possible challenges to success that might arise. This paper was borne out of our desire to better understand what elements of the market could be affected by these policies in order to help policymakers better prepare for their implementation,” said John Eichberger, executive director of the Fuels Institute.
To date, more than a dozen countries have announced their intent to ban the sale of new ICE-equipped vehicles, as have California in the U.S. and in Canada, British Columbia and Quebec. These countries, including China, represent almost half of the global light duty vehicle market. It is clear that momentum for these types of policies is growing and the Fuels Institute wants to ensure such policies are comprehensive and take into careful consideration the various factors that will inevitably be affected with their implementation.
In working with a diverse set of interested stakeholders, the Fuels Institute identified several elements worthy of consideration when crafting such policies. This new paper presents them in three main categories: environmental impact, market readiness, and consumer and stakeholder impact.
By carefully analyzing the issues and questions posed in this report, policymakers will be poised to better understand the challenges ICE bans pose to the industry and how to craft a policy that minimizes barriers to the policy’s success.
“The Fuels Institute does not take a position on whether such policies should be implemented; we simply want to encourage policymakers to carefully think through the implications of such a significant change to the market,” Eichberger said. “Only by considering what might transpire and where challenges may exist can leaders develop effective plans to achieve their overall objectives. We hope this paper serves as a resource that supports the development of thoughtful improvements to the transportation sector.”
Download your complimentary copy of “Policy Considerations: Proposals to Ban the Sale of Combustion Engine Vehicles” today.