The European Parliament has approved EU emission performance standards for new cars and vans by 2030, intended to cut oil use in road transport and promote electric vehicles. Receive daily email alerts, subscriber notes & personalize your experience. Register Now The standards require new cars to emit 37.5% less CO2 on average and new vans 31% less CO2 on average compared with 2021, and reflect the EU’s increasing efforts to cut both its oil imports and transport emissions. The cuts are above the 30% the European Commission originally proposed November 2017 for both new cars and new vans. The EC estimated a 30% cut would save the EU around 380 million mt of oil between 2020 and 2040. […]