Auto giants are getting nervous about the prospect of mega fines as EV demand falters
Publishing timestamp: 2024-10-03 05:47:05
Summary
European carmakers are concerned about potential massive fines due to stricter emission targets and faltering electric vehicle demand. The industry is facing challenges in transitioning to full electrification, with concerns about meeting CO2 reduction targets and potential financial penalties. Some believe the current situation is a transitional phase for manufacturers to adapt to new regulations and changing market dynamics.
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Keywords: environment, lobo ev technologies ltd, business, volvo car ab, luca de meo, business news, eu, renault sa, automobile manufacturing, autos,