💨 Abstract

Stellantis CEO, Carlos Tavares, has stated that the current EU carbon emission regulations impose 40% higher costs on the car-making industry, as customers are hesitant to buy expensive electric vehicles. Despite this, Tavares emphasized that Stellantis does not seek changes in regulation, including the intermediate carbon targets set by the EU for next year, but rather demands stability in regulation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖