PA Consulting’s CO2 research is featured in an article about the impact of the EU’s CO2 emissions regulations on the car industry.
The article discusses the dissatisfaction and unpreparedness of the key industry players to comply with the tightening rules. It also poses questions on whether the new standard will hamper growth in the sector.
The article quotes from PA’s CO2 emissions report which states that Europe’s biggest 13 auto makers will miss their 2021 CO2 mandate, facing fines of over 14.5 billion euros. The key reason manufacturers will not meet these targets is due to the populatiry of SUVs; the sales of BEVs and plug-in hybrids do not make up the difference.
The article goes on to say that PA’s report also revealed that Volkswagen, the sales leader in Europe, could face fines as high as 4.5 billion euros.