Tag #Car Emissions

What are the immediate economic and political implications of the German Chancellor's opposition to the EU's proposed fines on carmakers for failing to meet emission standards?

German Chancellor Olaf Scholz opposes punitive fines against carmakers failing to meet EU emission standards, citing the industry's challenges and the upcoming German elections. This intervention comes before stricter 2025 CO2 emission limits for new cars (93.6g/km), with fines of €95 per gram exceeding the target. The European Automobile Manufacturers' Association warns of multibillion-euro fines hindering the transition to electric vehicles.