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EU regulator calls the end of diesel in several years, puts faith in e-cars

The auto-emissions scandal may help the EU gear up for a technological revolution in road transport

Brexit spurs EU banks to trim UK assets
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Jonathan Stearns & Ewa Krukowska | Bloomberg
Consumers may do as much as regulators to propel the car sector into the electricity-powered age foreseen by Tesla Inc., according to the European Union’s industrial-policy chief.

European Commissioner Elzbieta Bienkowska said the EU has had a “breakthrough moment” since Germany-based Volkswagen AG admitted in 2015 that it fitted diesel engines with software to cheat US checks on smog-causing discharges of nitrogen oxides. This deeply affected “the emotions in society toward emissions and cleaner cars,” she said.

“Diesel cars are finished,” Bienkowska said in a May 24 interview in her ninth floor Brussels office. “I think in several years they