European Automakers Face CO2 Emissions Reduction Deadline by 2025
Starting January 1, 2025, automobile manufacturers in Europe must reduce carbon dioxide emissions by 15% from 2021 levels. Companies like Stellantis, Toyota, Ford, Mazda, and Subaru plan to buy emission credits from electric vehicle manufacturers like Tesla and Volvo to avoid fines. This regulation presents a significant challenge, with potential penalties reaching up to €15 billion. Stellantis aims to meet its CO2 reduction targets while continuing to invest in innovative low-emission technologies.