November 28, 2024 08:39 GMT
EMISSIONS: EU Countries Seek No Fines For Automakers With New Emissions Targets
EMISSIONS
Austria, Bulgaria, Poland, Romania, Slovakia, Czech Republic and Italy are seeking to prevent automakers from facing penalties from 2025, a document published on the Austrian parliament website showed, cited by Reuters.
- EU regulations require average emissions from newly registered cars to be 15% lower in 2025 compared to 2021 levels.
- The EU will lower the cap on average emissions from new vehicle sales to 94 grams/km from 116 g/km from 2025.
- Exceeding that cap could lead to fines of €95 per excess carbon dioxide g/km multiplied by the number of vehicles sold.
- The slowing uptake in EV sales makes achieving the target more difficult, countries have argued.
- "Such penalties would severely limit the ability of industry to reinvest in innovation and development, thus harming Europe’s competitiveness on the global stage”, the document said.
- This is following remarks from Germany’s Chancellor Olaf Scholz earlier this week, urging the EU carmakers should not face fines if failing to meet the new targets.
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