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Why automakers are on a drive to sell electric cars in Europe

PA Consulting’s research on CO2 emissions is featured in an article in Reuters which discusses automotive manufacturers facing greater pressures to sell more electric cars.

The article explains that the EU regulation stipulates that the industry will reduce its carbon emissions by 40% by 2021, however, this is not going to be met due to the popularity of heavy polluting models such as SUVs.

The article goes on to look at the penalties for non-compliance and draws on PA’s research which states that manufacturers will face a penalty of 95 euros for each gram of excess CO2 they emit compared with their individual targets.

The article explains that estimates made by PA are based on 2018 fleet emissions but the actual penalties are likely to be lower as carmakers sought to sell more hybrid and electric cars in 2019.

The article goes on to explore why the sector has been slow on delivering electric cars and what is needed to embrace this transformation.

Read the full article in Reuters

Driving into a low emissions future: How can car makers look beyond 2021

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