EU Proposes Extended Deadlines for Automakers to Meet CO2 Standards
European Commission President Ursula von der Leyen plans to revise emissions rules, granting automakers three years to comply with stricter CO2 limits.
- Ursula von der Leyen announced plans to propose changes to EU CO2 regulations, extending compliance periods from one year to three years.
- The proposal aims to alleviate financial pressure on automakers facing potential penalties for exceeding fleet-wide CO2 emissions limits.
- Automakers have struggled to meet stricter standards due to slower-than-expected electric vehicle sales and rising competition from U.S. and Chinese manufacturers.
- Von der Leyen has been in discussions with industry leaders, unions, and environmental groups, with detailed proposals expected to be unveiled on Wednesday.
- The European Commission is also exploring initiatives to accelerate the adoption of autonomous vehicles and strengthen the region's automotive sector.
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