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Automakers whine about €15B fine they knew they’d risk for pushing gas cars

Baua Electric

If an automaker fails to meet this legal target, which was established in 2017 , it may have to pay a fine of €95 per gram of CO2 per car. Notably, these targets were established in 2017, which is more than enough time for automakers to know what they need to do, and were already subject to interim evaluation in 2023.

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Waxman/Markey Bill Accelerates Infrastructure and Build-out for Plug-Ins, Calls for Harmonization of Motor Vehicle GHG Standards; 3% of Emissions Allowances for Cap-and-Trade Go to Auto Industry

Green Car Congress

In addition, the bill allocates 3% of the emissions allowances (under the cap-and-trade scheme defined in the bill) through 2017 and 1% from 2018 through 2025 be allocated for investments in electric vehicles and other advanced automobile technology and deployment. ” Harmonized motor vehicle greenhouse gas emissions standards.

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