Germany introduces electric car subsidy, but excludes Tesla
Neil winton | forbes | 27 april 2016
PA Consulting Group’s CO2 emissions report is featured in Forbes in an article about Germany’s target of achieving one million electric cars on its roads by 2020.
The article explains that German car makers are under pressure to meet EU fuel consumption targets by 2021 and a boost in zero emission cars is critical in meeting those targets.
The article goes on to quote from PA’s report which explains that BMW and Volkswagen are most at risk from incurring massive fines of up $1 billion each for possibly flouting E.U rules on fuel economy.
The CO₂ emissions challenge: how can carmakers meet the 2021 targets for CO₂ emissions?
The report also highlights that there are other manufacturers exposed to big fines including Jaguar Land Rover and Hyundai and its Kia affiliate.
The report suggests that “all automotive manufacturers operating in Europe will have to sharply raise the amount of electric and plug-in hybrid vehicles in their fleets.”
The report says: “We calculate that to meet the targets, BMW, Audi and Volkswagen will need 25 per cent of their European registrations (sales) to be of cars with alternative engines in 2021.”