Europe’s auto giants could face billions in fines by 2025: but why?
September 9, 2024
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The European Union will change the emission rules for car companies from 2025. In this context, the average emission level in company fleets should be 116 g/km from
The European Union will change the emission rules for car companies from 2025. In this context, the average emission level in company fleets should be 116 g/km from next year. up to 94 g/km will be deleted. Penalty per gram 95 euros Let’s say this is the case.
This situation obviously brings with it the possibility that companies that do not meet the targets will face severe penalties. According to the data, there are currently only 2 brands that meet these restrictions: Geely and Tesla. This shows that other car giants are in danger. In fact, the news at the end of August showed that Ford and Volkswagen were the brands furthest from the targets and that they could face huge fines. Now there is a statement from Renualt on the matter.
Auto giants could face $15 billion fine
CEO of Renault Luca de Meostatements made about the new rules and how they will affect the car giants. Car companies in Europe that Meo says are not adhering to the restrictions It could amount to around $15 billion. can face huge fines.
Meo, decline in sales of electric cars He also underlined this statement. According to the CEO, sales of electrical appliances must increase to avoid fines:
“If electric vehicles continue at current levels, so will the European automotive industry either pay a $15 billion fine or stop production of 2.5 million vehicles will have to. The speed of the transition to electric production is half the speed that is needed to achieve targets that we have to pay penalties for. Everyone is talking about 2035, ten years from now, but we also have to look at 2025, because already be forced we have started. Some flexibility has to be given. Setting deadlines and penalties and not giving some flexibility is very dangerous.”
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.