European Commission makes CO₂ emissions targets for the automotive industry more flexible

The European Commission (EC) will extend CO2 emissions targets for European carmakers as they are grappling with falling demand and factory closures. Automakers will have three years, instead of one, to meet their CO2 emissions targets. EC President Ursula von der Leyen announced the decision on March 3 after meeting with automotive executives, trade unions and campaign groups. Renault CEO Luca de Meo warned in September that the European auto industry could face fines of €15 billion for carbon emissions by 2025 due to slowing demand for battery electric vehicles (BEVs).

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