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EMISSIONS: France Proposes Rules For Car Makers to Avoid Emissions Fines

EMISSIONS
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France is proposing that the European Commission will introduce a “banking-borrowing mechanism” for European car makers to help them meet the new emissions targets and avoid fines according to a document seen by Bloomberg. 

  • The system would allow car manufacturers to average out their emissions over one or two years.
  • “The risk of non-compliance with the CO2 regulation could lead several European car makers to face significant penalties,” the document said.  
  • The EU lowered the emissions cap on automotive industry from 2025 to 93.6 g CO2/km until 2029, from 95 g CO2/km previously.
  • The auto industry faces challenges with disappointing EV demand and competition from Chinese manufacturers, prompting calls for a review of EU emissions standards.
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France is proposing that the European Commission will introduce a “banking-borrowing mechanism” for European car makers to help them meet the new emissions targets and avoid fines according to a document seen by Bloomberg. 

  • The system would allow car manufacturers to average out their emissions over one or two years.
  • “The risk of non-compliance with the CO2 regulation could lead several European car makers to face significant penalties,” the document said.  
  • The EU lowered the emissions cap on automotive industry from 2025 to 93.6 g CO2/km until 2029, from 95 g CO2/km previously.
  • The auto industry faces challenges with disappointing EV demand and competition from Chinese manufacturers, prompting calls for a review of EU emissions standards.