Toyota, PSA/Peugeot, BMW are nearest to hitting CO2 targets, JATO study states

Article by Christian A., on March 29, 2011

Market researchers at JATO Dynamics released the results of the study that identifies Toyota Motor Corp., PSA/Peugeot-Citroen SA and BMW AG as the automakers that are nearest to reaching their EU-mandated CO2 targets. To meet the more stringent emissions regulations that start to take effect next year, Toyota, PSA and BMW would have to reduce their overall fleet emissions by 7% or less.

Automakers have until 2015 to cut CO2 emissions from new cars sold in Europe to a fleet average of 130 grams per kilometer. JATO analyzed 21 European markets and determined that last year's average was 140.9g/km, while in 2009, it had an average of 145.9g/km. Daimler AG, Mazda Motor Corp. and Nissan Motor Co. will have to hurry up with its CO2 cuts to help the industry attain the overall goal.

If the automakers don’t achieve the cuts in time, they will get steep fines. For the period from 2012 to 2018, an auto group faces various amounts of penalties that depend on how much it exceeds its target.

In particular, automakers have to pay 5 euros per vehicle for the first g/km of CO2; 15 euros for the second gram; 25 euros for the third gram; and 95 euros from the fourth gram onwards. However, a 5 million euro fine is imposed on a carmaker in Europe with sales of 1 million units in Europe that misses the target by 1g/km of CO2.

In a talk with Automotive News Europe, JATO Vice President for Research Gareth Hession said that he doesn’t think these fines will put anyone out of business but if a carmaker decides to continue to build cars with high emissions then it has to significantly revise its retail pricing position.

ANE also had the chance to talk to Jos Dings, director of Brussels-based green transport campaigners T&E. Dings said that it’s not likely that automakers won’t be able to hit their targets since they’re “clever enough” to test the cars in a way wherein they’ll be able to comply.

Topics: toyota, psa, peugeot, bmw

If you liked the article, share on:

Comments

Recommended

The North American unit of German premium carmaker BMW is recalling around 19,000 units of its BMW i3 electric vehicle because of the risk of fuel leak. You may ask,...
by - February 22, 2017
A publication by the U.S. Patent and Trademark Office revealed that Honda is still looking into the Project 2&4 Concept. Officially unveiled during the 2015 Frankfurt Motor Show, the Project...
by - February 22, 2017
Barely a month before its official debut, Hyundai gave everyone a taste of what’s to come with the 2017 Hyundai i30 Wagon. Despite what little was shown, it did not...
by - February 22, 2017
One of the main features that have appealed to Cadillac’s customers is its Cadillac User Experience system or CUE. This is once again expected to change as the brand recently...
by - February 22, 2017
Ever since the Regera premiered in 2016, Koenigsegg has been firm about increasing its coverage around the globe. Part of the idea was to ask its employees in Angelholm to...
by - February 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries