{"id":342696,"date":"2024-09-12T07:18:52","date_gmt":"2024-09-12T05:18:52","guid":{"rendered":"https:\/\/climatescience.press\/?p=342696"},"modified":"2024-09-12T07:18:55","modified_gmt":"2024-09-12T05:18:55","slug":"renault-ceo-says-sector-could-face-billions-in-fines-as-ev-sales-slow","status":"publish","type":"post","link":"https:\/\/climatescience.press\/?p=342696","title":{"rendered":"Renault CEO says sector could face billions in fines as EV sales\u00a0slow"},"content":{"rendered":"\n
\"\"<\/figure>\n\n\n\n

<\/p>\n\n\n\n

From NOT A LOT OF PEOPLE KNOW THAT <\/a><\/p>\n\n\n\n

By Paul Homewood<\/p>\n\n\n\n

h\/t Hugh Sharman<\/p>\n\n\n\n

Europe might not have a ZEV Mandate, but car makers still can\u2019t escape the clutches of the eco loons:<\/strong><\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

PARIS, Sept 7 (Reuters) \u2013 Europe\u2019s autos industry could face fines of 15 billion euros ($17.4 billion) for carbon emissions due to slowing demand for electric vehicles, Renault CEO Luca de Meo said on Saturday.<\/em><\/p>\n\n\n\n

Automakers face tougher EU CO2 targets in 2025 as the cap on average emissions from new vehicles sales falls to 94 grams\/km from 116 g\/km in 2024.<\/em><\/p>\n\n\n\n

“If electric vehicles remain at today\u2019s level, the European industry may have to pay 15 billion euros in fines or give up the production of more than 2.5 million vehicles,” de Meo told France Inter radio.<\/em><\/p>\n\n\n\n

“The speed of the electric ramp-up is half of what we would need to achieve the objectives that would allow us not to pay fines,” de Meo, who is also president of the European Automobile Manufacturers Association (ACEA), said of the sector.<\/em><\/p>\n\n\n\n

Exceeding CO2 limits can lead to fines amounting to 95 euros per excess CO2 g\/km multiplied by the number of vehicles sold.<\/em><\/p>\n\n\n\n

That could result in penalties of hundreds of millions of euros for large carmakers.<\/em><\/p>\n\n\n\n

https:\/\/www.reuters.com\/business\/autos-transportation\/renault-ceo-says-sector-could-face-billions-fines-ev-sales-slow-2024-09-07<\/a><\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Europe might not have a ZEV Mandate, but car makers still can\u2019t escape the clutches of the eco loons<\/p>\n","protected":false},"author":121246920,"featured_media":342700,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_coblocks_attr":"","_coblocks_dimensions":"","_coblocks_responsive_height":"","_coblocks_accordion_ie_support":"","_crdt_document":"","advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[1],"tags":[691830554,691828406,691818583,691830553],"class_list":{"0":"post-342696","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","6":"hentry","7":"category-uncategorized","8":"tag-co2-targets","9":"tag-electric-vehicles-evs-2","10":"tag-europe","11":"tag-renault-ceo-luca-de-meo","13":"fallback-thumbnail"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/01200x800.jpg?fit=1200%2C800&ssl=1","jetpack_likes_enabled":true,"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/paxLW1-1r9m","jetpack-related-posts":[{"id":352674,"url":"https:\/\/climatescience.press\/?p=352674","url_meta":{"origin":342696,"position":0},"title":"Labour poised to water down electric car rules amid crisis in\u00a0industry","author":"uwe.roland.gross","date":"28\/11\/2024","format":false,"excerpt":"Labour is poised to water down electric vehicle (EV) rules amid a mounting crisis in the industry over the pace of the\u00a0transition away from petrol and diesel cars.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0-Jonathan-Reynolds-the-Business-Secretary.jpg?fit=1200%2C556&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0-Jonathan-Reynolds-the-Business-Secretary.jpg?fit=1200%2C556&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0-Jonathan-Reynolds-the-Business-Secretary.jpg?fit=1200%2C556&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0-Jonathan-Reynolds-the-Business-Secretary.jpg?fit=1200%2C556&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/11\/0-Jonathan-Reynolds-the-Business-Secretary.jpg?fit=1200%2C556&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":341496,"url":"https:\/\/climatescience.press\/?p=341496","url_meta":{"origin":342696,"position":1},"title":"Petrol cars \u2018rationed to meet eco\u00a0targets\u2019","author":"uwe.roland.gross","date":"04\/09\/2024","format":false,"excerpt":"The Labour Government claimed it would grow the economy, but this crazy policy is having the opposite effect. Car sales are reduced, manufacturers\u2019 and dealers\u2019 profit margins squeezed, while cheap Chinese EVs flood the market.","rel":"","context":"In \"Automotive industry\"","block_context":{"text":"Automotive industry","link":"https:\/\/climatescience.press\/?tag=automotive-industry"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0byd_atto_3_01.webp?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0byd_atto_3_01.webp?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0byd_atto_3_01.webp?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0byd_atto_3_01.webp?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/09\/0byd_atto_3_01.webp?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":390499,"url":"https:\/\/climatescience.press\/?p=390499","url_meta":{"origin":342696,"position":2},"title":"Steeper Road for Zero-Emissions Vehicles","author":"uwe.roland.gross","date":"24\/07\/2025","format":false,"excerpt":"\u201cA recent\u00a0survey\u00a0by the American Automobile Association (AAA) found that only 16% of potential buyers were either \u201clikely\u201d or \u201cvery likely\u201d to buy a fully electric vehicle as their next car, \u2026 down from 25% in 2022 and was the lowest level of EV interest recorded by AAA surveys since 2019.\u201d","rel":"","context":"In \"American Automobile Association (AAA)\"","block_context":{"text":"American Automobile Association (AAA)","link":"https:\/\/climatescience.press\/?tag=american-automobile-association-aaa"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/OIG.RSiK_.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/OIG.RSiK_.jpeg?fit=1024%2C1024&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/OIG.RSiK_.jpeg?fit=1024%2C1024&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2025\/07\/OIG.RSiK_.jpeg?fit=1024%2C1024&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":299418,"url":"https:\/\/climatescience.press\/?p=299418","url_meta":{"origin":342696,"position":3},"title":"UK To Subsidise China Car\u00a0Manufacturers","author":"uwe.roland.gross","date":"02\/02\/2024","format":false,"excerpt":"As noted previously, the Zero Emission Vehicle (ZEV) mandate took effect last month.","rel":"","context":"In \"China\"","block_context":{"text":"China","link":"https:\/\/climatescience.press\/?tag=china"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/0byd-tang-bev.jpg?fit=1200%2C675&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/0byd-tang-bev.jpg?fit=1200%2C675&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/0byd-tang-bev.jpg?fit=1200%2C675&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/0byd-tang-bev.jpg?fit=1200%2C675&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/climatescience.press\/wp-content\/uploads\/2024\/02\/0byd-tang-bev.jpg?fit=1200%2C675&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":329693,"url":"https:\/\/climatescience.press\/?p=329693","url_meta":{"origin":342696,"position":4},"title":"Electric Van Sales In\u00a0Decline","author":"uwe.roland.gross","date":"23\/05\/2024","format":false,"excerpt":"Whilst EV car sales remain sluggish, the market for electric vans is even worse. 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