Carmakers could be fined billions for failing to hit strict CO2 targets due to falling EV sales

• Fines could total €15bn (£12.6bn) for missing 2025 EU CO2 targets, Renault’s boss says
• Average CO2 falls to 94g/km next year, but some carmakers are way off meeting target
• Falling sales of EVs across Europe blamed

Carmakers could be slapped with billions of fines for missing strict 2025 emissions targets due to falling demand for EVs, Renault’s chief has said.

Europe’s car industry could be hit with fines totalling €15bn (£12.6bn) for failing to hit an EU CO2 cap on average emissions of new car sales, according to Automotive News Europe.

In 2025 the current average figure of 116g/km will be cut to 94 g/km, but Renault CEO Luca de Meo has warned that carmakers will likely miss that target due to falling sales of new electric vehicles.

Read the full article at Car Dealer Magazine Carmakers could be fined billions for failing to hit strict CO2 targets due to falling EV sales – Car Dealer Magazine