August 26, 2008
Automakers Fall Behind On EU CO2 Targets
According to a new study by European Federation for Transport and Environment, car makers are not doing enough to meet the EU’s proposed target of curbing average CO2 emissions from new cars to 130 grams per kilometer by 2012, compared to current levels of around 158g per km, Reuters reports.
The report shows that automakers will have to reduce CO2 emissions by 17 percent to reach the proposed goals.
Based on European Commission sales data from 18 EU countries, Germany’s luxury BMW brand is making the fastest move to catch up; with 19 percent more CO2 reduction to meet the target, compared with 26 percent last year. While French and Italian car makers are furthest along that road, with France’s PSA Peugeot-Citroen and Renault and Italy’s Fiat having to cut CO2 emissions by just 10 percent, 13 percent and 14 percent respectively to meet the target.
Japanese automakers, on the other hand, aren’t doing so well. Nissan, Mazda, and Suzuki are three of the four worst-performing brands requiring heavy cuts to vehicle’s CO2 emissions. Suzuki will have to cut emissions by 25 percent by 2012 to meet EU’s standard.
Although Europe’s car makers are aiming to meet EU’s CO2 vision, many feel endangered by the new regulations.
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