Progress Towards EU CO2 Target in H1 2024
New Report Highlights Mixed Results
The European automobile industry has made significant strides in reducing carbon emissions, but a new report highlights that some manufacturers are struggling to meet the EU’s CO2 target for 2024. The report, released in July, analyzed the first half of 2024 and provided an update on the progress of major carmakers.
Mixed Bag of Results
The report found that some manufacturers have made notable progress in reducing their average CO2 emissions, while others are still lagging behind. For instance, Volkswagen, BMW, and Mercedes-Benz have all improved their CO2 performance in the first half of 2024. Volkswagen has reduced its average CO2 emissions by 10%, while BMW has seen a 7% reduction. Mercedes-Benz has achieved a 5% reduction.
Challenges Ahead
On the other hand, several manufacturers are struggling to meet the EU’s CO2 target. According to the report, Ford, Jaguar Land Rover, and Ferrari are among the worst-performing manufacturers, with CO2 emissions increases of 5%, 4%, and 3%, respectively.
Why the Delay?
Experts point to several factors contributing to the delay in meeting the CO2 target. One major issue is the lack of electrified vehicles in the market. Although many manufacturers have announced plans to launch new electric models, they are still ramping up production and sales. Additionally, the transition to more efficient powertrains, such as hybrid and diesel-electric options, is taking longer than expected.
What’s Next?
The report’s authors emphasize that there is still time for manufacturers to make up for lost ground and meet the EU’s CO2 target. However, they warn that a more aggressive approach is necessary to ensure compliance. To achieve this, manufacturers will need to accelerate the roll-out of electrified vehicles, invest in alternative propulsion technologies, and implement more efficient manufacturing processes.
Conclusion
The report’s findings underscore the need for the European automobile industry to accelerate its transition to a more sustainable and environmentally friendly future. While some manufacturers are making progress, others are falling behind. The industry must work together to meet the EU’s CO2 target and ensure a cleaner and healthier environment for future generations.
Frequently Asked Questions
- What is the EU’s CO2 target for 2024?
- The EU has set a target to reduce average CO2 emissions from new passenger cars to 59.4g/km by 2024.
- Which manufacturers are making progress towards meeting the EU’s CO2 target?
- Volkswagen, BMW, and Mercedes-Benz are among the manufacturers that have improved their CO2 performance in the first half of 2024.
- Why are some manufacturers struggling to meet the EU’s CO2 target?
- The lack of electrified vehicles in the market and the transition to more efficient powertrains are among the factors contributing to the delay.
