The European Union has pledged to block or limit funds from the region’s Eur672.5 billion ($814 billion) COVID-19 recovery package going to fund upgrade programs for fossil-fuel-powered vehicles and power projects. Receive daily email alerts, subscriber notes & personalize your experience. Register Now Under guidance adopted Feb.12 as part of the EU’s Recovery and Resilience Facility, all car scrappage schemes replacing gasoline and diesel cars with newer versions of internal combustion engines vehicles would be assessed against lower-impact alternatives such as zero-emission electric cars, the European Commission said. “If a scrappage scheme aims to replace inefficient cars with more efficient cars relying on internal combustion engines, the impact of the new internal combustion engine cars would be evaluated in absolute terms [such as specific […]