The European Commission is planning to change emissions targets for vehicle manufacturers. At present and under current European legislation, vehicle manufacturers are required to reduce emissions by 15% in 2025 from a 2021 baseline.
Failure to do so would result in €95 per g/C02 with some manufacturers claiming that fines of €15bn were possible without changing the rules. As a result, the commission is now seeking to relax the rules, announcing that it would shift the 2025 target to...
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