PARIS: The ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/european-commission” target=”_blank”>European Commission‘s proposal to ease emission targets would enable struggling automakers to keep profits flowing from fossil fuel models but could potentially stall Europe’s shift to ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/electric-vehicles” target=”_blank”>electric vehicles and climate progress.
European car companies, already beset by Chinese competition, had been warning that they would struggle to meet the ambitious 2025 carbon dioxide (CO2) reduction target, which exposed the sector to hefty fines.
The ref=”dofollow” data-ga-onclick=”Inarticle articleshow link click#Small Biz#href” href=”https://economictimes.indiatimes.com/topic/european-union” target=”_blank”>European Union‘s executive arm proposed on Monday to give automakers three years to meet the target, a…
