EU kicks off auto support plan as carmakers blast fines

Jan 30, 2025 · Commission to present industry action plan on March 5 Carmakers say fines for CO2 emissions is top concern Green think tank says emissions targets are achievable …

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Jan 5, 2025 · The EU is under pressure from car makers to weaken its CO2 rules, ... says the European auto industry faces fines of up to €15 billion ($15.5 billion) for failing to meet the …

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Dec 11, 2024 · Context: The EU automotive industry is falling short of carbon emission targets that will hit next year, and reckons it is on the hook for €16bn in fines. This comes as …

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FAQs about EU kicks off auto support plan as carmakers blast fines Coupon?

Can Europe's carmakers escape fines for not selling enough electric cars?

Europe’s carmakers are likely to get some relief as politicians are cooking up a way for them to escape fines for not selling enough electric vehicles, write Andy Bounds and Laura Dubois. Context: The EU automotive industry is falling short of carbon emission targets that will hit next year, and reckons it is on the hook for €16bn in fines. ...

Why is the EU car industry on the hook for €16bn?

Context: The EU automotive industry is falling short of carbon emission targets that will hit next year, and reckons it is on the hook for €16bn in fines. This comes as carmakers shed jobs and close factories, selling 2mn fewer cars last year as cheaper Chinese models took market share. ...

Will European automakers axe CO2 fines?

Automakers' chief focus has been for the EU to axe potential fines for auto producers that do not meet fleet CO2 emissions targets this year. Renault boss Luca de Meo estimated these could reach 15 billion euros for European producers, with electric vehicles needing to push beyond a 20% market share to avoid them. ...

What's going on with Europe's car industry?

Forvia, Europe's third-largest car supplier, said it was encouraged by the Commission's focus on the sector and called the meeting a good first step, but wanted to see outcomes. Automakers' chief focus has been for the EU to axe potential fines for auto producers that do not meet fleet CO2 emissions targets this year. ...

Will car manufacturers pay €15 billion for not meeting CO2 targets?

The debate on one of the EU’s most important climate regulations is being distorted by bogus claims about high fines. Analysis has been circulating in the European Parliament estimating that car manufacturers would pay €15 billion in fines for not meeting the EU’s car CO 2 targets in 2025. ...

Is European automotive industry overcapacity a problem?

According to French automotive consultancy Inovev, average European auto sales of sedans and SUVs has slumped from an average 18 million a year between 2017 and 2019 to between 13 and 15 million between 2020 and 2024. “It is clear that the European automotive industry is increasingly suffering from overcapacity. ...