It's 12 years out and this is a short time for the magnitude of the change.
The UK has enacted a similar ban that should come into effect 5 years earlier, in 2030, so in 7 years and at the moment my best guess is that this is going to be a bloodbath (and second hand petrol cars are going to become even more valuable) if it is not postponed. It requires gigantic investments and adaptation that are not happening, or are happening very, very slowly.
The UK has enacted a similar ban that should come into effect 5 years earlier, in 2030, so in 7 years and at the moment my best guess is that this is going to be a bloodbath (and second hand petrol cars are going to become even more valuable) if it is not postponed. It requires gigantic investments and adaptation that are not happening, or are happening very, very slowly.