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Report: Four Big European Carmakers Could Miss CO2 Target
BMW, Fiat, General Motors and Hyundai may miss the EU's requirement that each carmaker's new-vehicle fleet must average emissions of no more than 95 g/km of carbon dioxide by 2021, the European Federation for Transport & Environment says.
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BMW, Fiat, General Motors and Hyundai may miss the EU's requirement that each carmaker's new-vehicle fleet must average emissions of no more than 95 g/km of carbon dioxide by 2021, the European Federation for Transport & Environment says.
The Brussels-based environmentalist group predicts Fiat will miss the target by a year, BMW and GM will achieve it three years late and Hyundai won't reach compliance until 2025, BBC News reports.
T&E's analysis extrapolates future CO2 emission reductions from the pace of each carmaker's rate of improvement to date. It ignores the ability of companies to apply "supercredits" earned by selling electric cars and other zero-emission vehicles.
The group says Daimler, Ford, PSA, Renault, Toyota and Volkswagen are currently on track to meet the 95 g/km target. Manufacturers who miss the 2021 deadline face fines of €95 per gram of CO2 overage, multiplied by the total number of vehicles they sell that year.
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