PA Consulting's research on CO2 emissions is featured in an article on the automotive industry urging the German government to support the shift towards electric cars.
The article says that the sector is challenged by more stringent anti-pollution regulations which were tightened after Volkswagen admitted it has been falsifying exhaust emissions tests.
According to PA Consulting's report, "meeting even the previous targets for 2021 is going to be a challenge". In fact, Europe’s 13 top manufacturers face combined fines of over 14.5 billion euros ($16.2 billion) from missing 2021 goals.
The article goes to say that PA's estimates are based on buyer’s choices in 2018 and, since then, carmakers have launched many new hybrid and electric cars. Nevertheless, a shift from less CO2-emitting diesel vehicles and the demand for heavy sport-utility vehicles have made it more difficult to meet the emissions targets.
PA Consulting estimates that Volkswagen could face a fine of 4.5 billion euros, Fiat Chrysler a 2.46 billion euros penalty, and Peugeot and Daimler fines of 938 million and 997 million respectively.