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FCA US reaches settlements on diesel emissions at estimated cost of $800M

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The estimated total cost of settlements is $0.8 Fiat Chrysler Automobiles’ wholly owned subsidiary FCA US LLC has agreed with with the U.S. billion, in line with financial charge taken for this purpose in third-quarter, 2018. Environmental Protection Agency (EPA), U.S. 6 million to Customs and Border Protection.

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China publishes plan to boost fuel-efficient and new energy vehicles and domestic auto industry; targeting 500K PHEVs and EVs in 2015, rising to 2M by 2020

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The central government’s plan, posted on its website, is targeting the production of 500,000 plug-in hybrid and electric vehicles by 2015, with output to grow to 2 million units of those types by 2020. Energy-saving and new energy vehicles have become the development direction of the international automobile industry.

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Chinas Largest EV Charging Stations Open in Shenzhen

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The station is large enough to simultaneously serve 12 automobiles. The Hexie charging station is equipped with 3 express chargers and can accommodate 6 automobiles. By 2012, more than 24,000 new-energy vehicles will be in use Shenzhen, increasing to 100,000 by 2015—about 6% of the current number of vehicles in Shenzhen.

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German OEMs to upgrade emissions control on 5.3M Euro 5 and 6 diesels, contribute to €500M Sustainable Mobility fund

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The automakers will bear the entire cost of the retrofitting, estimated by the German Association of the Automotive Industry (VDA) to be at least €500 million. German auto manufacturers will optimize the emissions systems in 5.3 The aim is a 30% reduction in NO x emissions from these vehicles by the end of 2018.

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Perspective: Regional Greenhouse Gas Cap-and-Trade Programs May be the Solution

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In 2015–expanded to emissions from residential, commercial, and other industrial combustion, and transportation fuels. In 2015–nearly 90% of emissions. Factors Determining Abatement Costs. The marginal costs of reducing (or abating) emissions depend on technological, behavioral, and policy-related factors.

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