Volkswagen and Fiat Chrysler could face 2021 EU emissions fines

Posted: June 27, 2019

 

Consulting firm Alix Partners has said that Volkswagen and Fiat Chrysler (FCA) could pay a penalty of EUR1.8bn (USD2.1bn) and EUR746m respectively, if they do not meet the EU’s emission targets  set for 2021. The firm has published a study which showed difficulties faced by the automakers to meet EU’s emissions for passenger cars to 95 grams of carbon dioxide per kilometre by 2021. The German automaker plans to mass produce EVs in 2020 to meet the EU regulation and FCA will use cheapest option to comply with the rules, a step which may include paying fines. Volvo and Toyota are the only major OEMs which do not face penalties, and could sell their surplus emission credits to other OEMs.

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