EU Imposed $550 Million Emission Fines on Automobile Manufacturers

EU Imposed $550 Million Emission Fines on Automobile Manufacturers

Some automobile manufacturers that do not comply with the European Union's gradual emission rules will pay a total fine of 550 million dollars.

The European Commission is introducing tough emissions rules to cut greenhouse gas emissions by 55 percent over the next decade.

In the calendar in question; There are different targets for time periods such as 2020-2024, 2025-2029, 2029-2034.

Producers will face penalties if they fail to comply with those targets. For this reason, the EU imposed a total fine of 550 million dollars on some automobile manufacturers that did not comply with emission rules between 2020 and 2024.

Volkswagen, which missed the 2020 target by 0.75g/km, will pay $106 million of this penalty.

Jaguar Land Rover was fined 35-43.5 million dollars due to the 3g/km value.

Among those penalized are major brands such as Suzuki, Subaru, Bentley, Lamborghini and McLaren.

The EU, which will reduce its emission targets by 25 percent next year, will increase the target to 49.5 g/km between 2030-2034.

It is aimed to sell completely zero-emission vehicles in Europe by 2035. Huge fines are expected to be imposed on brands that do not comply with the rules by that date.

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