Paris – European automakers danger 15 billion euros in fines if they don’t adjust to EU emission guidelines as electrical automotive gross sales gradual on the outdated continent, warned Renault Group CEO Luca de Meo, asking for “somewhat flexibility”.
“We’re making ready for 2025 now as a result of we’re taking orders for the vehicles we’re going to ship. And there, in line with our calculations, if electrical stays at at present’s stage, the European trade might must pay 15 billion euros in fines or surrender the manufacturing of greater than 2.5 million” items, warned Mr. de Meo, who can also be president of the European Car Producers Affiliation (ACEA), on public radio France Inter on Saturday.
An electrical automobile compensates for 4 thermal vehicles.
“We want somewhat flexibility,” he pleaded.
In August, electrical represented solely 12.5% of the European automotive market, with a ten.8% drop in gross sales over one 12 months. (7 September 2024)