💨 Abstract

The European Commission has agreed to extend the deadline for carmakers to meet new CO2 emission targets from one to three years, following industry pressure. This gives carmakers more time to increase electric vehicle sales, as the EU aims for zero emissions by 2035. The extended deadline is based on a carmaker's average emissions over the period 2025-2027, and compliance would avoid heavy fines. European carmakers, who lag Chinese and U.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖