European Commission to outline steps to set next emission targets

Article by Andrew Christian, on December 1, 2014

The European Commission, on a meeting set Dec. 9, 2014, will outline the next steps it plans to take to set carbon dioxide emission targets after 2021, giving a glimpse to carmakers on how much they have to further invest to achieve them.

Volkswagen Group chief executive Martin Winterkorn warned early October that it would be "fatal" to further strain the auto industry with stiffer carbon dioxide emission goals even before a market for non-conventional vehicles -- electric cars, plug-in hybrids and other models powered by alternative powertrains – could fully develop.

The European Commission has required carmakers to cut average carbon dioxide emissions from passenger vehicles from about 132g/km in 2012 to 95g/ km by 2021. Failure to do so means heavy fines. According to industry watchers, the next emission target is even more important as it will be stiffer and will further accelerate the push to electrification – which will surely affect bottom of carmakers and suppliers doing business in Europe.

In 2013, the European Parliament green-lighted an indicative CO2 emission target of between 68g/km and 78g/km by 2025. Industry watchers expect authorities to give carmakers until 2030, instead of 2025, to achieve a 75g/km target.

According to research by the European Union in 2012 assessing the impact of the current target, a 68g/km-78g/km target would imply that cars in Europe would have to be nearly fully hybridized.

Arndt Ellinghorst, automotive analyst at Evercore ISI, remarked that the next step in complying with the emission targets will be a “big one” since it means a significant electrification of powertrains – a move that needs more time to comply with.

Topics: europe

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

Bentley Motors has just released the specs of the new Bentayga Diesel. Obviously, we couldn’t wait to share it here since it’s the first ever diesel model to come out...
by - September 26, 2016
A big chunk of Volvo Cars’ legacy in developing the most durable and capable car is evident in its latest Cross Country collection. Suffice it to say, our planet has...
by - September 21, 2016
Just very recently, we were all delighted to finally see a Bugatti Chiron out in the streets casually hanging around Cannes in France. The said car was purchased by a...
by - September 9, 2016
Earlier this year, Aston Martin wowed the world with a stunning concept car – the Vanquish Zagato. The concept made its first appearance in May during the Concorso d’Eleganza Villa...
by - September 7, 2016
Lamborghini has always been known to be the home to exotic supercars. The Italian automaker’s production facilities have hosted uniquely designed and powerful show-stopping supercars. It all started with the...
by - September 5, 2016