The air pollution of our planet is rising, and the contribution of road transport to global pollution has a serious impact on this phenomenon. Previous papers have analysed and recommended measures to reduce road transport’s negative environmental impact and carbon footprint. However, some restrictions are impossible (or very costly) to meet, even in developed countries. Unfortunately, presenting the impact of transport on air pollution levels as a whole can only give a general picture. This paper provides a more detailed analysis and attempts to assess the impact of one of the most important elements shaping modern transport, that is, vehicle engine types. Thus, the main objective of the study is to analyse and evaluate the different types of engines in vehicles from the point of view of technical, environmental, and economic aspects in European countries and to verify whether Europe is ready to implement the European Green Deal. The results indicate significant technological developments must occur in electric vehicles to become environmentally better than combustion engine-based cars. Additionally, in the case of some developing countries, owning a means of transport is still perceived as a symbol of a certain status, which is why it is still an important material asset. Thus, in rich countries, material status and environmental awareness (e.g. choice of public transport) will help to achieve climate neutrality, while poorer countries (even developed ones) may have severe problems in meeting EU requirements. Overall, while answering some questions, this article also poses new ones. Decision-makers often face challenging aspects. This article is intended to give them a basic knowledge to pursue an environmental policy that is viable and feasible for all countries.