Part 4/11:
European Automakers Seek CO2 Relief
European manufacturers are grappling with stringent CO2 regulations, facing significant fines if they fail to comply this year. However, the European Union has proposed adjustments to how manufacturers can bank and borrow emission credits. Instead of reducing emissions immediately, this regulatory change would allow automakers more flexibility now but requires a more substantial commitment to lower emissions in the future.
With demand for EVs in Europe tapering off, achieving these future standards could prove to be increasingly challenging, indicating that further regulatory interventions might be necessary as time rolls on.