Mr Hulot said he recognised the target would put pressure on France's vehicle manufacturers, but he said they now had projects which "can fulfil that promise". Coal-fired power plants will be eliminated, Hulot said, and citizens will be encouraged to produce their own energy, especially those who own homes.
The announcement comes just a week after Macron announced that France would no longer grant permits to companies seeking to search for and harvest oil and natural gas in the country.
Aiming to be the world's "number one green economy", Hulot said gas and diesel-powered vehicles would be phased out over the course of the next two and a half decades, part of a larger effort to meet targets set by the Paris climate agreement. There's also the matter of hybrids and extended-range electrics, which still rely on gasoline engines and could therefore be subject to this ban, were it to be implemented.
Newly elected President Emmanuel Macron had declared the issue a "national priority" and slammed Donald Trump's decision to pull the USA out of the worldwide Paris accord last month.
As CityLab notes, while France isn't the first country to move towards banning gas- and diesel-powered vehicle sales, it's easily the most significant.
France is by no means the only country aiming to ban combustion-powered cars in some form. Some of those include The Netherlands and Norway (2025), and Germany and India (2030).
Emboldened by President Donald Trump's decision to pull out of the Paris Agreement on climate change, France rolled out ambitious plans to reduce its carbon footprint on Thursday. It is being reported as "all petrol and gas cars" and the minister actually said "the end of the sale of petrol or diesel vehicles between now and 2040".
S & U PLC (LON:SUS) Now Covered by Peel Hunt
Bankrate, Inc.is a publisher, aggregator and distributor of personal finance content on the Internet. Progenics Pharmaceuticals, Inc. (NASDAQ:PGNX) has risen 48.41% since July 5, 2016 and is uptrending.