Tag #Eu Co2 Emissions

What strategies are European automakers employing to comply with the EU's CAFE standards, given the challenges in achieving the mandated CO2 emission reductions?

The European Union's CAFE standard mandates a reduction in average CO2 emissions to 93.6 g/km by 2025, leading automakers to explore strategies like carbon credit trading with Tesla to offset excess emissions and avoid substantial fines. Failure to comply results in a €95 fine per gram of excess CO2 per vehicle, potentially totaling €15 billion in penalties.