Different brands found a shortcut: buy emissions credits from other companies with better environmental records.
The European Union maintains its goal of eliminating combustion vehicles by 2035although the roadmap towards that transition is beginning to show cracks. Pressure from manufacturers and national governments led to Brussels to adjust deadlines and make emissions requirements more flexible, given the difficulty of the industry in adapting to the planned pace.
He European Parliament initially established that as of January 1, 2035 they could only venderse electric cars on the continent. However, faced with high costs and slow charging infrastructure, the European Commission granted three additional years (until 2027) for brands to meet 2025 CO emissions targets.
Elimination of combustion cars: automakers joined forces to avoid million-dollar fines
Exceeding the limit of 93.6 g/km is penalized with 95 euros for each additional gramwhich could represent up to 15 billion euros in sanctions for the entire sector.
To avoid these fines, automakers have found a shortcut: buy emissions credits from other companies with better environmental records. Tesla, which has a significant surplus, has become a key supplier for groups such as Stellantis, Toyota, Ford, Mazda and Subaru. Unexpected alliances also emerged, such as Nissan with BYDeither Mercedes with Volvoin search of environmental and financial balance.
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Meanwhile, electric cars already represent the 12% of sales in Europe and are expected to reach 40% by 2030in a market increasingly pressured by Chinese manufacturers and rising costs.
Source: Ambito
I’m a recent graduate of the University of Missouri with a degree in journalism. I started working as a news reporter for 24 Hours World about two years ago, and I’ve been writing articles ever since. My main focus is automotive news, but I’ve also written about politics, lifestyle, and entertainment.
