The EU plans to relax the ban on internal combustion engines, providing a much-needed respite for car manufacturers.

According to the Zhitong Finance and Economics APP, under pressure in the automotive industry for several months, the European Union is preparing to propose easing emission regulations for new cars, effectively lifting the ban on fuel engines. This move will allow car manufacturers to slow down the pace of introducing electric cars in Europe and make the region's policies closer to the United States - where President Trump is in the process of overturning the car efficiency standards set by the previous government. Global car manufacturers are facing profitability challenges in the transition to electrification, with Ford Motor Company (F.US) announcing a provision of $19.5 billion for its comprehensive reform of its electric vehicle business.