In a trilogue meeting today, European Institutions proposed a one-year delay to the 95g target, so that 95% of new car sales will have to comply with the target in 2020 and 100% in 2021. Additionally, carmakers will be able to use 7.5g of supercredits for selling electric cars from 2020-22. This Friday, the deal must be confirmed in a meeting of Europe´s Member States.
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Commenting on the revised deal, Greg Archer said: “It is disgraceful that the heavy-handed lobbying of Germany has paid off in weakening the 95g target by a further 5g to please its carmakers. Still, this revised deal will provide much needed regulatory certainty and ensure cars continue to reduce their CO2 emissions and improve fuel efficiency. Time has run out and Council must now sign this off without further amendment or delay.”
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.