Negative
20Serious
Neutral
Optimistic
Positive
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 1 day ago
- Bias Distribution
- 100% Left
Luca de Meo, CEO of Renault and president of the European Automobile Manufacturers Association (ACEA), has raised alarms regarding the European Union's impending 2025 CO2 emissions targets, which could impose fines exceeding €15 billion on manufacturers due to a slowdown in electric vehicle (EV) sales. A draft proposition from ACEA advocates for delaying the emissions targets by two years, citing low consumer demand and competition from foreign EV manufacturers as critical factors that could hinder compliance. The proposed regulation change would allow a more manageable emissions threshold while preventing significant production cuts that threaten jobs and the competitiveness of the EU auto industry. Current EU rules demand CO2 emissions of approximately 95 grams per kilometer, a target many manufacturers may struggle to meet without a significant increase in EV sales. The industry is calling for a coherent policy framework to support the transition to zero-emission vehicles, as various hurdles remain, including infrastructure and resource supply challenges. Without intervention, automakers face potential fines and drastic production reductions, exacerbating the crisis in the sector.
- Total News Sources
- 1
- Left
- 1
- Center
- 0
- Right
- 0
- Unrated
- 0
- Last Updated
- 1 day ago
- Bias Distribution
- 100% Left
Negative
20Serious
Neutral
Optimistic
Positive
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