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European auto industry proposes further 20% cut in passenger car CO2 by 2030 from 2021; conditional on EV uptake and infrastructure; no ZEV mandate

Green Car Congress

It’s also in line with what is expected of other industry sectors, as well as the EU Climate and Energy Framework and the global Paris agreement. In our opinion, this conditionality principle links Europe’s long-term climate objectives to the reality of the market. This is a steep reduction.

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

Baua Electric

At issue are Europe’s 2025 CO2 targets, and a penalty calculated based on fleet average CO2 emissions per automaker. 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. BMW CEO Oliver Zipse has also called for a review of the targets.

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Volkswagen to use CO2 as refrigerant for future air conditioning systems

Green Car Congress

The announcement follows press reports from the Geneva Motor Show that Daimler, BMW and Volkswagen would pursue CO 2 (R744) as the refrigerant for MACs instead of R-1234yf (developed by Honeywell and DuPont). BMW and Volkswagen followed suit. With its GWP of 1, it is also the refrigerant that has the least impact on climate.

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Canoo Pickup, Kia EV6, Honda and Mini EV Plans: EV Week in Review – Mar 9-15

EV Adoption

The reveals of the Canoo pickup and Kia EV6 have heads turning and yet another automaker, BMW-owned Mini this time announced plans that it would only produce battery-electric vehicles from 2030. BMW CEO Officer Oliver Zipse is set to announce the plan alongside its annual report on March 17, the person said. – March 10, Politico.

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Tesla 2024 Annual Shareholder Meeting transcript: June 13, 2024

Teslarati

The fund is a significant long term owner of Tesla and has an explicit focus on investing in climate solutions. This includes Tesla’s competitors BMW, Renault, Rivian, Volkswagen, and Volvo. I mean, for reference, the auto industry is roughly 100 million vehicles per year. Safety is good in the factory.

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