The mandatory warranty for any product in the EU is 2 years. It doesn’t take into account products like cars that you would expect to be usable for 10+ years.
I doubt you could claim anything in the EU either after more than 2 years.
I’m not an expert on this, if there are some regulations I didnt take into account, please correct me.
I never heard about anything like this in the EU. If my fridge or washing machine breaks after 2 years and 1 week I have no legal claim towards the manufacturer.
Actually most big electronic retailers try to sell you additional warranty with the product you buy. So you pay extra to extend warranty to 5 years.
I like the Australian aproach better, though.