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German Luxury Carmakers Lag in EU’s CO2 Targets
Several European carmakers are on track to meet EU standards that will limit average carbon dioxide emissions to 95 g/km by 2021.
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Several European carmakers are on track to meet EU standards that will limit average carbon dioxide emissions to 95 g/km by 2021. But a new analysis says German luxury carmakers may not succeed.
The report by London-based PA Consulting Group estimates Audi, BMW and Mercedes-Benz will miss their targets by at least 4 g/km. The study says the U.K.'s Jaguar Land Rover also faces a major challenge.
PA Consulting calculates that Fiat, PSA, Renault and Toyota are most likely to exceed the 2021 standard. Each carmaker has a different target. PA Consulting notes that efforts to update EU testing procedures due in 2017 are likely to make the effort more difficult.
The analysis estimates carmakers will spend an average of more than €1,200 per vehicle to meet the 2021 goals. Doing so will involve engine improvements, introducing new materials to lower vehicle weight and significant adjustment to each company's product portfolio.
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