EU Car Lobby Aims for Two-Year Delay of 2025 Emissions Targets.

The European Union's car lobby is proposing a two-year delay to the 2025 emissions targets for automakers due to low consumer demand for electric vehicles (EVs) and unfair competition from EV manufacturers in other countries. The EU rules would require automakers to either stop production of around 2 million cars or face fines of up to €13 billion for passenger cars and €3 billion for vans. The industry argues that meeting these targets would result in significant production cuts, job losses, and harm to the EU's competitiveness and economic security. The European auto sector is already facing challenges from cheap competition, high energy costs, and a decline in consumer demand for EVs. Volkswagen is among the automakers likely to fall short of the targets. The EU plans to phase out the sale of new combustion engine-powered vehicles by 2035. [Extracted from the article]