Carmakers face billions in European CO2 fines from 2021: study

Posted: September 22, 2017 by oldbrew in government, Travel
Tags: ,


It looks as if a lot of car makers will have to raise prices of some models at least, to meet the cost of EU mega-fines tied to average CO2 emissions that are due to come into force in 2021. Phys.org reporting.

Big-name carmakers including Volkswagen and Fiat Chrysler face fines running into the billions for failure to meet tough new European carbon dioxide emissions limits slated for 2021, a study has found.

“Only four out of 11 carmakers are forecast to meet the EU 2021 CO2 emission target, with the rest facing significant fines,” researchers from British firm PA Consulting said in a statement Friday.

European Union nations agreed in 2014 that carmakers should limit CO2 emissions to 95 grammes per kilometre across their entire model range within seven years. The figure for 2015 stood at some 130 grammes per kilometre on average.


If the target is not met, the groups must pay fines of 95 euros ($114) per gramme over the limit, multiplied by the number of cars they sell in 2020. “Most carmakers will face penalties,” especially German manufacturers which often offer larger, more polluting engines, the study authors forecast.

“There is nothing less than a revolution facing the car industry and those manufacturers who fail to keep up face potential fines in the billions,” PA auto expert Thomas Goettle said.

Continued here.

Comments
  1. oldbrew says:

    Lomborg: ‘Climate change brings good and bad weather patterns. Throwing money at fixes to cut carbon emissions is ineffective and narrow-minded.’

    http://www.usatoday.com/story/opinion/2017/09/22/climate-change-dangerous-doest-mean-we-have-spend-money-stupidly-bjorn-lomborg-column/684610001/

    Anyone at the EU listening? Probably not.

  2. J Martin says:

    They will add electric drive to the undrivem wheels and sufficient battery ti reduce the overall co2. The car buyer won’t have to ever use the electric drive if he doesn’t want to turn it on, he can just stick to using the petrol or diesel.

    The Citroen C5 for instance is a case in point.
    Fossil fuel to the main driving wheels, electric power to the other wheels if wanted.

  3. BoyfromTottenham says:

    How will the fines be imposed, across each manufacturers range, or model by model? If the former, then they have a problem, if the latter then the manufacturers could just pass the cost on to high-end buyers. Maybe the carmakers should focus on hybrids, tweaking the engine for lowest CO2 (or whatever). Or they could just cross their fingers and hope that the EU collapses under the weight of its own hubris before they have to pay the fines! I like the latter, but then I live in Australia, which shortly will not manufacture cars at all (and doesn’t care too much about how much CO2 cars produce). Maybe the German carmakers should try to sell more cars here?

    [reply] across the whole range – see post

  4. Roger,

    Your article said: “Only four out of 11 carmakers are forecast to meet the EU 2021 CO2 emission target, with the rest facing significant fines,”

    Life is good with Brexit!! At least I hope the UK gets some of this more right!

    CO2 makes green things grow better making better use of water. It causes no harm, only good. A war against CO2 is a war against life on earth. The alarmist view is to get rid of the gas the makes our food grow, how stupid is that? Josh, you might work on this idea.

    UK, watch the paths the EU takes and be thankful!

    Alex

  5. oldbrew says:

    It’s not a question of Brexit or not. South Koreans will get fined for example.

    Quote: ‘Germany’s BMW, Volkswagen and Daimler, US-based Ford, Italian-American Chrysler, France’s PSA and South Korea’s Hyundai will be unable to get their emissions under control by the deadline, according to the study.’

    Read more at: http://phys.org/news/2017-09-carmakers-billions-european-co2-fines.html

  6. stpaulchuck says:

    HA HA HA HA HA HA HA HA HA
    *wipes tears from eyes*

    OMG that is just the best thing I’ll read all week. I love it when the Euroweenies vote for a bunch of leftists and idiots and then our darling Karma comes along and kicks them in the soft parts for doing so. Pretty soon there will be no cars or trucks for the little people at all. ENJOY!

  7. oldbrew says:

    ‘no cars or trucks for the little people at all’

    Isn’t it the other way round – the gas guzzlers will be squeezed, or forced to be all-electric, in favour of the smaller models?

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