New analysis by IHS Markit suggests that automakers failing to meet 2021 fleet CO 2 emissions compliance for passenger vehicles sold in the European Union (EU) could be fined more than €14 billion (US$16 billion) in 2021. Legislators in the European Union (EU) are imposing a new passenger car fleet CO 2 emissions target of 95 g/km, to be phased in during 2020, with 100% application in 2021 on Worldwide Harmonized Light Vehicle Test Procedure (WLTP). New passenger car fleets that fail to meet compliance are set for potentially substantial fines in both 2020 and 2021. The IHS Markit baseline scenario (one of various scenarios) suggests that the EU28 sales-weighted passenger car phased (best 95%) fleet CO 2 average in 2020 is likely to reach 102.3 g/km (NEDC). This includes 4 g/km of CO 2 reduction derived from super credits and a further 2 g/km of CO 2 reduction […]