Norway just a few years away from deadline
The Scandinavian nation of Norway has been at the forefront of the push to have the majority of their vehicles be emissions-free, and their deadline of 2025 is just around the corner. Over half the cars sold in the country each year are now electric, and by the end of 2021 there were almost half a million electric cars in the country, accounting for over 15% of all passenger cars.1
While Norway is in the lead, the United Kingdom, Iceland, Israel and Malaysia are not far behind, with each nation targeting 100% emissions-free new car sales by 2030.
On the flipside, Brazil is in no rush, giving themselves until 2060 to phase out new internal combustion passenger car sales. Other nations taking their time include Cabo Verde, Costa Rica, Indonesia, New Zealand and Switzerland, who’ve set their deadline for 2050.
Australia and America lacking national target for full ban on fossil fuel vehicles
Many countries have listed official strategies or introduced legislation to ban new fossil fuel vehicle sales from a certain date. Two nations conspicuous by their absence from that list are the United States and Australia.
While a few states within the USA have already moved to ban new fossil fuel car sales, such as California and New York, President Joe Biden announced on 5 August 2021 a plan to have 50% of new vehicle sales from 2030 be electric – but there is no date on any plan to have 100% of new vehicle sales be electric or hybrid-powered.2
Likewise, Australia has no national plan or date to completely ban new fossil fuel vehicle sales. However, that hasn’t stopped the Australian Capital Territory. The Territory unveiled a new plan on 20 July 2022 to phase out light petrol and diesel vehicle sales from 2035 (including passenger cars and light trucks), which would instead be replaced by zero-emission vehicles.3
Less than one month later, Bank Australia became the first bank to announce it would stop issuing new loans for petrol and diesel cars from 2025, as part of the bank’s own emission reduction targets.4
Most countries have until 2035 before fossil-fuel car sales will be relegated to the second-hand market, which from time of writing is less than 13 years away – which is still plenty of time for prospective buyers to buy what will inevitably be a piece of history.