Carmakers near CO2 crunch time in the race to electrify Europe

Reuters
Carmakers near CO2 crunch time in the race to electrify Europe

Time is running out for European carmakers, which have waited until the last minute to try to meet ambitious EU emissions targets and face billions in fines if they fail to comply. Manufacturers from PSA Group to Volkswagen are using this week's Frankfurt Motor Show to reveal the new models and strategies they hope can slash carbon dioxide emissions within months. "You have cars that cost an extra 10,000 euros to build, fleet-emissions targets requiring a certain sales volume and consumers who may or may not want them," said one PSA executive.