Automotive executives are warning that European regulation could kill the auto industry.
As European regulators start debating the possibility of tightening the already strict vehicle emissions standards, automotive executives at this year’s Paris Motor Show warned that such a move could be “fatal” to the industry. Though automakers admit that they could meet the proposed rules, the cost involved would be substantial. In Europe, regulators stress carbon dioxide emissions as an effort to reduce global warming while the U.S. focuses on fuel economy.
Currently European automakers must reach a target of 95 grams of carbon dioxide per kilometer of driving by 2021, which is roughly equal to the U.S.’s requirements of 54.5 mpg by 2025. But regulators are looking to cut that to 65 grams by 2025, which is the equivalent of 84 mpg. Volkswagen CEO Martin Winterkorn called such a move “fatal,” while Fiat Chrysler CEO Sergio Marchionne said it is “one of the toughest issues we face.”
Last week, even Lamborghini unveiled a hybrid exotic concept car as European automaker prepare for the worst when it comes to emissions regulations.
[Source: The Detroit Bureau]
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