European Union strikes deal on law to effectively ban sale of new petrol and diesel cars from 2035. Carmakers must achieve a 100% cut in CO2 emissions by 2035, which would make it impossible to sell new fossil fuel-powered vehicles in the 27-country bloc. Deal also includes a 55% cut for new cars sold from 2030 versus 2021 levels, much higher than existing target of 37.5% reduction.