Monday, October 14, 2024

Car brands get DKK 110 billion in stalls, says director

The European car industry risks being hit by the EU's own rules already from 1 January. Renault's director warns against an amount of DKK 110 billion.

Several European car brands are about to be affected by the EU's own rules on average C02 emissions, already from 1 January 2025.

Emissions must drop from the current 116 grams on average to 93.8 grams. If not the car factories will have massive stalls.

But the figure is completely unrealistic, says Renault's managing director Luca de Meo. He now warns of stalls in the order of 110 billion Danish kroner.

– If electric carriages remain at the current level, the European industry may have to pay 110 billion Danish kroner in stalls or abandon the production of more than 2.5 million carriages, says Luca de Meo to France Inter radio .

READ ALSO: These electric cars cannot be charged above 25 percent, says researcher

Similar to Renault, Volkswagen and Ford are some of the brands that really have to push electric cars onto the roads if they are to avoid paying the many billions of kroner in stalls.

But there simply aren't enough customers for the electric cars. In any case, there are not at all the customers for the electric cars that the car factories had expected until a very short time ago.

– The speed of the spread of the electric car is only half of what we need to reach the goals that mean we don't have to pay tolls, says Luca de Meo.

At the European car manufacturers' interest organization ACEA (European Automobile Manufacturers Association), of which de Meo is chairman, they are currently trying to get the EU to withdraw the stalls or at least change the CO2 limits.

– Everyone is talking about 2035, in 10 years, but we are talking about 2025 because we are already fighting. We need some flexibility. Setting deadlines and stalls without being able to make it more flexible is very, very dangerous, says Luca de Meo.

On the other hand, the German car manufacturers are right now shouting that fuel must be banned shortly. So both petrol and diesel. Read more about it here .

Read more exciting news from and about the world of cars right here!

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