Car makers and EU politicians have reached a new deal on regulating car CO2 emissions that will make it easier for Europe’s car makers to meet legislation.
The agreement will require manufacturers to cut average CO2 emissions by 18 per cent over the next six years. That’s a step back from the potentially crippling CO2 targets that were previously discussed.
CO2 emissions will now be reduced to an average of 130g/km between 2012 and 2015, rather than by 2012 as was originally proposed. A new long-term goal of 95g/km CO2 by 2020 will also be introduced.
“We have shown that we can encourage car manufacturers to go green by including incentives for investment in clean technology, but without driving them out of business,” said Martin Callanan MEP.
Conservative MEPs also defended a special exception to the targets for manufacturers like Jaguar-Land Rover, who don’t build small cars.
The two British companies will still have to drastically reduce the CO2 output of their cars, but not by the levels that had been foreseen. A special exemption was also secured for LTI, which builds black cabs.