10 Sep 2024 | EU Auto Industry Facing Billions In Emission Fines, Used EVs Become More Competitive and Northvolt Scales Back Battery Plans
EV News Daily - Technology and Business of EVs
Martyn Lee
4.8 • 749 Ratings
🗓️ 10 September 2024
⏱️ 33 minutes
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EUROPE'S AUTO INDUSTRY FACES BILLIONS IN FINES OVER EMISSIONS TARGETS https://evne.ws/4gefFHn
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| 0:00.0 | Welcome back to EV News Daily. Coming up today, the European car industry facing billions in emissions fines. |
| 0:05.7 | Used EVs are becoming more competitive and North Volt scales back their battery plans. |
| 0:10.8 | Plus stay tuned because later in the show, I'll tell you what truck experts are saying about BYD's new plugin, Truck the Shark. |
| 0:17.6 | Well, good morning, good afternoon or good evening, wherever you're listening around the |
| 0:21.0 | world. Welcome to Evie News Daily, your trusted source of EV information for Tuesday, 10th of |
| 0:25.6 | September. I'm Martin Lee, and I go through every Evie story, so you don't have to. And welcome |
| 0:30.6 | to a new podcast, producer Simon Sessions. Patreon supporters get these shows ad-free. You get your |
| 0:36.0 | own unique RSS feed to copy-paste into your podcast app. |
| 0:39.8 | You can be like Simon by clicking on a link in the show notes. Well, Europe's car sector is grappling with a big challenge, meeting the European Union's CO2 emissions targets by next year. |
| 0:50.9 | The current pace of EV adoption. Looks like it'll fall short of what's needed to avoid |
| 0:55.5 | fines. But what are the stakes and how did the automotive industry get into this predicament? |
| 1:01.5 | Well, the European Union's CO2 targets for next year are clear. The average emissions from |
| 1:06.0 | new vehicle sales must drop from 116 grams per kilometre in 2024 to 94 grams per kilometre. |
| 1:13.6 | This reduction is part of a broad effort to combat climate change and reduce greenhouse gas emissions. |
| 1:18.6 | The CO2 limits introduced in 2020 have led to a 27% reduction in CO2 emissions from new passenger cars registered between 2019 and 2022. |
| 1:29.1 | That decrease is attributed to the surge in zero emission vehicles, which were 13, 14 percent of new |
| 1:35.2 | cars and 6 percent of new vans in 2022. Renno, for instance, sold about 4.5,000 EVs in the last |
| 1:41.2 | 12 months, making up about 9 percent of its total sales here in the UK. |
| 1:45.8 | Renault has the 380-mile scenic, E-tech, great vehicle, the McGann E-Tech, the Kangu E-Tech, which is a van, and the traffic E-Tech. |
| 1:57.8 | And I mentioned Renault, because Renault's CEO, Luca D'Mayo, is also the president of the European |
| 2:03.2 | Automobile Manufacturers Association, the ACEA. And today he's sounding an alarm about fines. |
| 2:10.9 | And I quote, if electric vehicles remain at today's levels, the European industry may have to pay |
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