Difficult Package
The European Union wants to drastically reduce CO2 emissions from new passenger cars, but the European automotive industry fears the consequences. Stellantis warns that it could cost European production.
There have been several warnings from various parts of the European automotive industry about the negative consequences of the emission requirements that the EU wants to introduce. With effect, because in 2023 the plans for the Euro 7 requirements were adjusted and earlier this year it was announced that car manufacturers will have more time to meet the CO2 targets. Stellantis fears that it is not enough. A fresh warning from the mega-corporation sounds through CFO Jean-Philippe Imparato.
Imparato believes that the upcoming goals are still ‘unattainable’ and fears a fine of €2.5 billion for Stellantis within a few years. That’s what Automotive News reports. According to him, there are two options. Stellantis must ‘go crazy with EVs’ or production of fuel cars must be scrapped. According to him, the latter will cost European factories. Imparato does not indicate which of the two he expects to happen, but the warning is clear. He hopes for changes in the upcoming regulations, because otherwise such ‘difficult decisions’ await.