European Emissions Rules Could Be 'Fatal' to Industry
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.
SEE ALSO: Auto Industry on Track to Meet EPA Emissions Standard
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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Jason Siu began his career in automotive journalism in 2003 with Modified Magazine, a property previously held by VerticalScope. As the West Coast Editor, he played a pivotal role while also extending his expertise to Modified Luxury & Exotics and Modified Mustangs. Beyond his editorial work, Jason authored two notable Cartech books. His tenure at AutoGuide.com saw him immersed in the daily news cycle, yet his passion for hands-on evaluation led him to focus on testing and product reviews, offering well-rounded recommendations to AutoGuide readers. Currently, as the Content Director for VerticalScope, Jason spearheads the content strategy for an array of online publications, a role that has him at the helm of ensuring quality and consistency across the board.
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Companies could always take it directly to their workers and let them know who will be responsible for the loss of their livelihoods. i believe this may have already backfired on the regulators because women (who make up the majority of voters) will respond decisively against any threat to their utilities [sic] losing their paychecks. And women never forget, they have that ability to dredge up anything from the past.