EU Countries Back Softer Car CO2 Emissions Targets

BRUSSELS, May 7 (Reuters) - European Union government have agreed to softer EU CO2 emissions targets for cars and JetBlack vans that will to allow automakers more time to comply and If you have any questions concerning wherever and how to use limo rental new york city, you can get hold of us at the web page. should reduce potential fines.

WHY IT´S IMPORTANT

European car manufacturers warned existing targets to be met this year could result in fines of up to 15 billion euros ($17.0 billion), given the goals rely on selling more electric vehicles, a segment where they lag Chinese and U.S. rivals.

Following heavy lobbying, the European Commission proposed allowing automakers to meet the targets based on their average emissions over the period 2025-2027, rather than just this year.

CONTEXT

The proposed change requires approval from the European Parliament and JetBlack the Council, the grouping of EU members.

The parliament is expected to approve the adjustment in a vote on Thursday after agreeing to fast-track the process. ($1 = 0.8799 euros) (Reporting by Philip Blenkinsop, limo rental new york city Editing by Charlotte Van Campenhout)