Report says five out of seven European car makers on track to meet 2021 CO2 targets
Mon 26 May 2014
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A new report from Brussels-based NGO Transport and Environment (T&E) says that five out of seven European carmakers are on course to meet their 95g/km CO2 targets by 2021 if they continue to progress on the same trajectory as they have done since 2008.
T&E’s 2014 cars and CO2 report, now in its 9th edition, monitors the annual progress made by vehicle manufacturers to reduce fuel consumption and CO2 emissions of new cars.
T&E says that if they continue their pace of progress made in the past six years, Volvo, Toyota, Peugeot-Citroen, Renault, Ford and Daimler will all hit their targets early while VW and Nissan are on schedule.
However, if they don’t accelerate their current rate of CO2 reduction Fiat would miss their target by one year (2022) and BMW by three years (2024). Several Asian carmakers will also have to increase their rate of progress because otherwise they will exceed their targets by several years: Suzuki (2023); Hyundai and Mazda (2025); Honda (2027).
These companies have just announced a collaboration to improve the efficiency of engines by 30% by 2020.
Cars are responsible for 15% of Europe’s total CO2 emissions and are the single largest source of emissions in the transport sector. The EU’s first obligatory rules on carbon emissions require car manufacturers to limit their average car to a maximum of 130 grams of CO2 per km by 2015, and 95g by 2021.
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