Gashi Automobile News According to Reuters, Renault Group CEO Luca de Meo said that due to slowing demand for electric vehicles, the European automobile industry may face a fine of 15 billion euros (about 17.
4 billion US dollars) for exceeding carbon emissions.
Photo source: Renault Group, by 2025, EU automakers will face stricter carbon dioxide emission targets.
Compared with the limit of 116 grams of carbon dioxide per kilometer that will come into effect in 2021, the EU stipulates that the average carbon dioxide emissions of new cars on sale in 2025 must be 93.
6 grams per kilometer.
, In an interview with France Inter radio on September 7, de Meo said,”If (demand) for electric vehicles remains at current levels, the European automotive industry may have to pay a fine of 15 billion euros or reduce production by more than 2.
5 million vehicles.
” De Meo pointed out that if the goal is to be achieved without being fined, the growth rate of electric vehicles in Europe needs to double.
If a vehicle’s carbon dioxide emissions exceed the standard, the automaker will be fined 95 euros per kilometer per gram, which will be multiplied by the number of vehicles sold, which could lead to fines of hundreds of millions of euros for large automakers.
“Everyone is talking about 2035 10 years from now, but we should talk about 2025 because it’s already difficult for us,” de Meo said.
The EU has set a deadline to sell only zero-emission vehicles,”but we need more flexibility.
” Setting deadlines and fines but not being more flexible is very, very dangerous.
” In August, a report from data analysis firm Dataforce said that despite “market doubts” whether the 2025 target for electric vehicles will be met, automakers will have to significantly increase sales of pure electric and hybrid vehicles.
Dataforce said that Ford Motor and Volkswagen Group have the largest gap with the EU’s 2025 carbon emission targets.
In contrast, while Toyota Motor has low sales of pure electric vehicles, sales of its low-emission hybrid vehicles are high, making it the closest to the EU’s 2025 carbon dioxide emission target.
In addition, emissions from vehicles owned by Geely and Tesla have met the EU’s 2025 target.
Among them, Tesla easily reached the standard because it only sold zero-emission pure electric vehicles, while Geely reached the standard due to the sales of pure electric vehicles from its Volvo Cars.
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