Members of the European Parliament (MEPs) approved a proposal which would set a higher target for reducing EU fleet-wide emissions for new cars by 2030 of 40% (compared to the EU Commission’s 30%; year of reference 2021) with an intermediate target of 20% by 2025. Similar targets are set for new vans. Market uptake of electric and low- emission cars should also accelerate, said MEPs. Manufacturers whose average CO 2 emissions exceed these targets will pay a fine to the EU budget, to be used for up-skilling workers affected by changes in the automotive sector, the MEPs agreed. Carmakers will also have to ensure that zero- and low- emission vehicles—ZLEVs (electric cars or vehicles which emit less than 50g CO2/km)—have a 35% market share of sales of new cars and vans by 2030, and 20% by 2025. The European Automobile Manufacturers’ Association (ACEA) quickly voiced serious concerns about the […]