European Carmakers on Track to Meet EU Emission Targets After Reprieve

European carmakers, with the exception of Mercedes-Benz Group AG, are on track to meet EU emission targets after winning a reprieve this year. The EU's emission targets for 2025-27 are based on the average emissions of new vehicles sold in the 27-country bloc, under the threat of steep fines. Electric vehicle sales are surging, with EVs expected to represent 18% of new cars sold in Europe by the end of 2025, up from 14% last year.

Key Takeaways:

• Almost all European carmakers are on track to meet EU emission targets for 2025-27, except Mercedes-Benz Group AG.
• EV sales are expected to represent 18% of new cars sold in Europe by the end of 2025, up from 14% last year.
• The EU's two-year extension of emission targets allowed carmakers to reduce discounts on electric vehicles, leading to two million fewer electric cars being sold between 2025 and 2027.
• Carmakers are pushing for a further revision of EU rules, demanding more room for EV alternatives such as plug-in hybrids and highly efficient internal-combustion-engine vehicles.
• The auto industry is demanding a revision of EU rules to phase out sales of new combustion engine vehicles by 2035.
• European Commission President Ursula von der Leyen is due to hold talks with automotive industry bigwigs on September 12.

Statistics:

• 18%: EVs expected to represent of new cars sold in Europe by the end of 2025.
• 14%: EVs sold in Europe last year.
• 2 million: Fewer electric cars expected to be sold between 2025 and 2027 due to the two-year extension of emission targets.
• 2025-2027: Timeframe for averagely measuring car emissions to comply with EU rules.
• 2 years: Extension of emission targets allowed carmakers to take the foot off the gas.

Sources:

• Transport & Environment
• European Commission
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