Stellantis welcomes EU plan to ease CO2 emission targets

Stellantis, a major automaker, welcomed the European Commission’s plan to extend the deadline for meeting new CO2 emission targets for cars and vans, stating it was a positive step towards maintaining competitiveness while pushing for electrification. The EU’s new proposal allows automakers until 2027 to reach their emission targets, incentivizing the production and sale of electric vehicles to avoid fines, ultimately aiming for zero emissions by 2035. European automakers saw a boost in their stock prices following the announcement, with the proposal still pending approval from EU countries and the European Parliament.

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