Part 5/8:
Meanwhile, automakers in Europe are confronting substantial fines connected to CO2 emissions regulations. Pressure from EV advocate groups has urged the EU to uphold strict CO2 rules, but France has been pushing back, requesting increased flexibility for automakers grappling with fines that could reach as high as 15 billion euros this year. The proposed bank borrowing system by France would permit manufacturers to average emissions over a period, potentially easing some financial strain.