Findings from PA Consulting Group’s annual CO₂ emissions analysis are referenced in an article on CO₂ targets, in a special report on the future of the car in Europe, in the Financial Times.
The article addresses the stringent CO₂ targets that carmakers need to meet in the EU by 2021. Traditionally they would have met these goals using diesel which emits a fifth less CO₂ than petrol. Now with the new ban on diesel fuelled cars, they have to find other ways of meeting the targets.
The carmakers race to 2021 has started
The article goes on to explain that last year, PA Consulting Group projected that eight of Europe’s largest carmakers – including VW and Fiat Chrysler – were on track to miss the 2021 goals, leaving them facing the prospect of large fines as well as corporate embarrassment.
Additionally, Volvo, an automotive company that PA identified would meet the targets, has said that by 2019 every car it sells will contain a hybrid or electric engine.