Tougher legislation states that all makers must chop 15% from their 2020 carbon emissions averages
Renault Group CEO Luca de Meo has called for “flexibility” of emissions targets in the EU from next year, as car makers fret over slower than expected EV growth. The EU has stuck with a CO2-based system that forces car makers to drive down emissions averages, rather than replicate the UK’s zero-emissions vehicle mandate, which adds the need to sell a growing proportion of electric cars.
Källenius warned the company might have to pool with other manufacturers if demand for new models such as next year's electric CLA saloon didn't have enough of an impact. New, cheaper EVs from all manufacturers will be the key to ducking the hefty fine of €95 for every vehicle sold, multiplied by every gram of CO2 above the target. “Every euro spent on penalties is a badly invested euro,” Volkswagen Group CEO Oliver Blume told investors on his company’s earnings call last week.
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