Home business Fiat joins Tesla to avoid EU emission fines

Fiat joins Tesla to avoid EU emission fines

Fiat Chrysler Automobiles (FCA) must pay Tesla "hundreds of millions" of euros to have Tesla & # 39; s electric cars count as part of FCA's "pool" for CO2 emission measurements , allowing FCA to meet strict EU emissions targets.

Under the deal, first reported by the Financial Times, the Tesla Model 3, S and X will become part of the FCA fleet to count carbon dioxide emissions, making it easier for FCA to meet EU targets.

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The EU rules require car manufacturers to book an average CO2 emission of 95 g / km on all cars they sell by 2020 and 2021. Cars from FCA that own Fiat and Alfa Romeo, as well as Ferrari , Maserati and Jeep, emit 123 g / km of CO2 on average last year, according to data quoted by the Financial Times, which means that the target of 95g / km will probably be difficult to achieve within a year or two.

Car manufacturers who do not meet the average fleet targets must pay fines of € 95 (around £ 82) for every g / km of CO2 in excess of the 95 g / km target that every car they sell emits. Analysts cited by the Financial Times claim that FCA could incur fines of more than € 2 billion in 2021 if the company's CO2 emissions were not reduced.

EU rules enable companies to "pool" their emissions with internal brands, meaning that Volkswagen can share fleet average emissions with SEAT, Skoda and Audi, and PSA brands (Peugeot, Citroen and Vauxhall) can do the same. But external pools – where one company cooperates with another – are also allowed, and the FCA-Tesla deal is considered the first of its kind.

A statement from FCA said that the company "makes an effort to reduce emissions from all our products" and that it intends to "optimize the regulatory compliance opportunities". FCA stressed that "the whole point of a CO2 credit market is to use the most cost-effective ways to reduce overall greenhouse gas emissions [greenhouse gas] market emissions "and that a CO2" purchasing pool provides flexibility to deliver products that our customers are willing to buy while managing compliance with the lowest cost approach. "

What do you think about coordinating Fiat with Tesla to combat CO2 emissions? Let us know in the comments below …

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