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Automakers face tougher EU CO2 targets in 2025 as the cap on
average emissions from new vehicles sales falls to 94 grams/km
from 116 g/km in 2024.
"If electric vehicles remain at today's level, the European
industry may have to pay 15 billion euros in fines or give up
the production of more than 2.5 million vehicles," de Meo told
France Inter radio.
"The speed of the electric ramp-up is half of what we would need
to achieve the objectives that would allow us not to pay fines,"
de Meo, who is also president of the European Automobile
Manufacturers Association (ACEA), said of the sector.
Exceeding CO2 limits can lead to fines amounting to 95 euros per
excess CO2 g/km multiplied by the number of vehicles sold.
That could result in penalties of hundreds of millions of euros
for large carmakers.
"Everyone is talking about 2035, in 10 years, but we should be
talking about 2025 because we are already struggling," he said.
"We need to be given a little flexibility. Setting deadlines and
fines without being able to make that more flexible is very,
very dangerous."
(Reporting by Gilles Guillaume; writing by John Irish)
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