To tackle these issues, the European Commission on Monday proposed softening emission regulations following strategic meetings with industry leaders.
Initially, carmakers had until the end of 2025 to cut vehicle carbon dioxide emissions by 15 per cent compared to 2021 levels, or face fines.
While not calling for a complete U-turn, the Commission is proposing giving manufacturers three years to get up to speed. This would allow companies that are not meeting the targets to catch up in future years and avoid paying fines.
However, some observers said the EU’s changes rewards laggards and creates uncertainty over the bloc’s commitment to the green transition.
“What we’re seeing is that as the targets hit, the auto industry is finally bringing those affordable electric car models. They have all been timed for either the end of last year or the beginning of this year, and it’s beginning to work,” said Julia Poliscanova, senior director of vehicles and e-mobility supply chains at the European Federation for Transport and Environment.
“This (is) organic demand, as people see the model for them on the market rather than an overpriced huge premium SUV.”
In January, EV sales in Europe rose by about 35 per cent, amounting to a 15 per cent market share.
Supporters of the existing regulations said the data is proof that the threat of stricter rules is having the desired effect.
