From January 1, the European Union introduces stringent requirements for automakersDecember 8, 2019
Since 2020, new environmental standards for car manufacturers begin to operate in the EU. All cars produced must emit no more than 95 grams of carbon dioxide into the atmosphere.
Starting January 1, 2020, Europe will face difficult times for car manufacturers. New environmental standards are tough enough, and the fines are huge. In total, due to slowness, the automobile segment may receive a fine of up to 32 billion euros in fines, which exceeds the estimated profit by 100%.
Such restrictions accelerate the development of new technologies, including the electrification of the automotive segment. But there is a significant negative impact. Manufacturers have to invest huge amounts in research and development. Therefore, there is a need to reduce costs, and reduce the number of jobs. For example, Audi intends to cut about 9,500 people.
In addition, some countries are trying to maximize motivation for drivers to buy electric cars. In 2020, Germany intends to double the amount of subsidies. However, the number of electric cars is still not enough to compensate for environmental standards.
According to preliminary forecasts of analysts, by 2025 the number of electric cars will be only 10.2%. After another five years, the amount can be increased up to 20%.
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