Auto-producer countries including Germany press EU to waive CO2 fines

Quick Summary:

A drop in EV sales could drive up a manufacturer's average fleet emissions, causing it to miss the CO2 goal.

Automakers have warned of plant closures and thousands of job losses, as they struggle with weak demand, Chinese competition and lower than expected electric vehicle sales.

The EU's 2025 targets set a CO2 limit that manufacturers must meet on average across the fleet of cars they sell during the year.

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Article Details

Category: BusinessFinance

Markets: IndiaAustriaBulgariaCzech RepublicFranceGermanyItalyOmanRomaniaSlovakiaSweden

Topics: European Union CO2 fines Carbon dioxide European Union Car makers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-20 @ 09:31:32 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 472 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 28 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 24564651

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About Business Standard

Main Topics: BusinessFinance

Official Website: business-standard.com

Update Frequency: 286 posts per day

Year Established: 1975

Headquarters: India

News Last Updated: 2 hours ago

Coverage Areas: India

Ownership: Independent Company

Publication Timezone: GMT +5:00

Content Availability: Worldwide

News Language: English

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Publisher ID: #49

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