The European Federation for Transport and Environment (T&E) today released a report showing that the car industry’s voluntary agreement with the EU to cut average CO2 emissions from passenger cars is failing to deliver. The report says that the 140g/km target set for 2008 can only be reached if the industry now makes unprecedented emissions cuts. It concludes that EU legislation is now needed to create both legally-binding limits as well as incentives to encourage innovation in low-emissions technology and to boost the market for cars that pollute less.
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Europe must stand firm over its future targets for carmakers as it cannot afford to fall further behind China.
The decision to create a Europe-wide carbon price was right but creates significant political risk. The good news is it can still be fixed.
It's about time the EU requires parts of key products to be made locally – and nowhere is this more urgent than in the battery sector.