PSA Group to Avoid EU CO2 FinesApril 1, 2020
Thanks to the release of fully electric versions of automobile lines until the introduction of new rules, the concern can keep harmful emissions below the limit of 95 g / km.
The PSA Group respects the new EU 95 g / km limit for average CO2 emissions in the first two months of 2020 and, as such, will not pay a penny in the form of fines if it supports this.
The head of PSA Europe Maxim Picat said that this has indeed been the case since the very first working day of the year on January 2. If car manufacturers get on average 95 g / km or less as the average fleet for CO2 emissions, they will not pay fines. If the figure is exceeded, the fine will be 95 euros for each g / km of CO2 in excess of the limit for each car sold, which may amount to billions for some automakers.
PSA’s own restriction is 93 g / km, as 95 g / km is calculated based on weight depending on the type of car the automaker sells. The company tries to achieve the goal monthly to more accurately track progress towards the goal. The EU only accepts an annual figure.
“We want CO2 compliance to be natural. We are working fine and will not do anything stupid at the end of the year, ”said Picat.
Pikat also noted that decisions taken six or seven years ago, taking into account the 2020 deadline, are now bearing fruit. This included the launch of all-electric versions of many of its automobile lines, which were planned to be launched at the end of 2019, in order to allow PSA to take timely advantage of their sale in lowering their total CO2 levels.
Last year, he also cut back on several higher-emission models, mainly from the Opel / Vauxhall, which was acquired three years ago, so it was not originally part of this long-term planning for overall compliance.
PSA CEO Carlos Tavares said the firm modeled a number of different scenarios to ensure that it remains compatible even in the worst case, for example, with a drop in diesel share to 10% of the market. Currently, it has stabilized at around 30%.
In addition, according to the head of the brand, any effect of coronavirus will not be felt on average for CO2, since any potential drop in sales will be proportional to all model lines. Nevertheless, to date, he said that the virus had no effect on his activities outside of China, and even there he did not suffer as much as his competitors, since China is not as important for the general PSA business as other car manufacturers.
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