EU relaxes CO2 emissions targets for automakers, easing financial burden. Image: Times Live.
(The Post News)– The European Parliament has approved a relaxation of EU CO₂ emissions targets for cars and vans, giving automakers more time to comply and potentially reducing fines.
After intense lobbying, the European Commission proposed a revised approach, allowing automakers to meet emissions targets based on their average performance from 2025 to 2027, rather than just this year.
This change was approved by EU lawmakers with 458 votes to 101 and 14 abstentions. European Commission President Ursula von der Leyen said the adjustment would provide “breathing space” for European automakers. However, Volkswagen expressed concerns, stating that the extended compliance period would still pose a significant burden in 2025.
Critics argue that the auto industry has had ample time – seven years – to prepare for the 2025 emissions targets and question the industry’s estimate of up to 15 billion euros in potential fines, calling it exaggerated.