PSA Group and Volvo Cars, along with BMW Group and Renault Group are among the autormakers on track to meet European Union emissions rules after sales of battery-powered vehicles tripled during the first half, according to a study.
The surge in electric vehicle sales helped cut average CO2 emissions of new cars registered in Europe by 9 percent to 111 grams per km, the steepest drop in more than a decade, according to a report by green pressure group Transport & Environment.
“Electric car sales are booming thanks to EU emissions standards,” Julia Poliscanova, a senior director at the Brussels-based organization, said in a statement. “Next year, one in every seven cars sold in Europe will be a plug-in.”
The EU rules taking effect this year force manufacturers to reduce the average fleet emissions in the region to 95 g/km or face hefty fines. As a result, companies are accelerating deployment of a range of new plug-in hybrid and full-electric models, while at the same time countries including France, Italy and Germany have boosted consumer incentives toward their purchase.
In the latest move, France will add a 1,000-euro ($1,181) bonus toward the purchase of used electric cars, Transport Minister Jean-Baptiste Djebbari said in an interview in Le Parisien published Sunday.
Not all carmakers are on track to avoid the fines, according to the study, with Mercedes-Benz maker Daimler, Jaguar Land Rover and Volkswagen Group lagging behind due to sales of less-efficient gasoline cars and SUVs.
Fiat Chrysler Automobiles will meet the EU targets this year and next because on an agreement it has with electric-car maker Tesla that will offset its emissions, the study said. Without the deal, FCA could have faced a 1 billion-euro penalty.
“FCA has been a clear laggard for electrification due to underinvestment and thus fully relies on its pooling agreement with Tesla to comply,” Transport & Environment said in a report (click below for full report).