Headache for the automotive industry limits CO2 emissions

GERMANY AUTOMOTIVE INDUSTRY Nea Famagusta

The car industry will risk receiving large fines from the European Union, if in the coming months and until 2020, which is the catalytic year, they fail to reduce emissions.

According to initial estimates, the fines could total up to 14 billion euros. This will lead to financial ruin. Thus, they will be forced, or to change their plans, or to make collaborations that will facilitate their movements.

The best solution to this problem is to switch to electric vehicles that will eliminate excessive emissions and bring balance to their fleet. The manufacturers, however, have been aware of EU policy for years and are trying to adhere to the plan that will allow them to be within the permissible limits. All this despite the fact that in 2017, CO2 emissions in cars increased for the first time in years.

According to preliminary data, today, the EU average CO2 emissions are 122,9 grams per kilometer, which is 8 grams higher than the adjusted target. Members of the car industry are optimistic that they are "following the developments in technology" and that in the end there will be harmonization with the goals set by the European Union.