Another way Trump is impacting the worldEU to Grant Carmakers Leeway in Reaching 2025 CO2 Targets
John Ainger
Mon, March 3, 2025
(Bloomberg) -- European Commission President Ursula von der Leyen said the bloc would grant carmakers a three-year window in which to hit carbon dioxide emissions targets that were originally set for this year.
The targeted amendment to give the auto sector flexibility under the 2025 emissions rules will be proposed later this month, according to von der Leyen. In effect, the changes will mean that carmakers can miss the target this year as long as they outperform in the next two.
Shares of European automakers including Volkswagen AG, Mercedes-Benz Group AG and Renault SA jumped following von der Leyen’s remarks, sending the Stoxx 600 Automobiles & Parts Index up almost 3% in intraday trading.
“Instead of the annual compliance, companies will get three years on the principle of banking and borrowing,” she said Monday in a press briefing. “The targets will stay the same but it means more breathing space for industry and more clarity, without changing the agreed targets.”
https://finance.yahoo.com/news/eu-grant-carmakers-leeway-reaching-122931500.html
