The Italian government fears the loss of 70,000 jobs in Italy due to the EU’s decision to phase out the use of internal combustion engines in new cars from 2035. Italian Deputy Prime Minister and Foreign Minister Antonio Tajani warned of this. He warned against “fundamentalism” when dealing with climate issues. He described the departure of the internal combustion engine as a “devastating decision” by the EU.
The danger of deindustrialization of the automotive sector, which is central to the Italian economy, is real, he warned. It is necessary to take all protective measures and, above all, to revive and develop the automotive sector.
Italy: Sales of e-cars are falling
Italy’s automotive industry, still largely based on traditional combustion engine technology, employs more than 270,000 people directly or indirectly and generates more than five percent of gross domestic product (GDP), according to the Anfia trade association. Sales of fully electric cars fell 27 percent in Italy last year and accounted for just 3.7 percent of all new registrations.
The Italian government’s campaign against phasing out internal combustion engines is being actively promoted by Transport Minister Matteo Salvini, head of the right-wing governing Lega party. He thanked the 100,000 Italians who signed a petition towards the end within days.
Source: Krone

I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.