Headlines
EU countries back softer car CO2 emissions targets
Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on May 7, 2025
1 min readLast updated: January 24, 2026
EU countries back softer car CO2 targets, giving automakers more time to comply and reducing potential fines. Parliament vote expected soon.
BRUSSELS (Reuters) -European Union government have agreed to softer EU CO2 emissions targets for cars and vans that will to allow automakers more time to comply and should reduce potential fines.
WHY IT’S IMPORTANT
European car manufacturers warned existing targets to be met this year could result in fines of up to 15 billion euros ($17.0 billion), given the goals rely on selling more electric vehicles, a segment where they lag Chinese and U.S. rivals.
Following heavy lobbying, the European Commission proposed allowing automakers to meet the targets based on their average emissions over the period 2025-2027, rather than just this year.
CONTEXT
The proposed change requires approval from the European Parliament and the Council, the grouping of EU members.
The parliament is expected to approve the adjustment in a vote on Thursday after agreeing to fast-track the process.
($1 = 0.8799 euros)
(Reporting by Philip Blenkinsop, Editing by Charlotte Van Campenhout)
The article discusses the EU's decision to adopt softer CO2 emissions targets for cars and vans, allowing automakers more time to comply.
The change helps European automakers avoid fines by giving them more time to meet emissions targets, which rely heavily on electric vehicle sales.
The proposed change requires approval from the European Parliament, which is expected to vote on the adjustment soon.
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