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Will car companies meet their CO2 targets?

00-bmw-i8.jpg Car technology and environmentally-friendly car developments have been steadily improving in recent years as the world recognises the need to reduce its carbon footprint. Research carried out by PA Consulting Group indicates an uncertain future for the reduction of CO2 emissions and that in actual fact the car makers might be unable to achieve targets for 2015 and 2020 set out by the EU.

In this new research taken in June 2013, findings have shown that only four car companies are expected to reach their goal of 95g of CO2 per kilometre. PA Consulting has identified Renault, Toyota, PSA Peugeot Citroen and Fiat as the only cars set to perform to target. The difficulty for other car makes such as VW, BMW and Daimler lies with their heavier fleets which will definitely struggle to meet the CO2 reduction targets set out by the EU. But it’s not only the heavier fleets that PA Consulting predicts will struggle; their research ranked carmakers’ performance against industry and individual targets leaving car makers, especially premium German brands, unable to reach the 2020 target.

PA Consulting therefore predicts that future meetings between the EU, various governments and car manufacturers are set to get more difficult if we’re collectively aiming to tackle this key environmental issue.

One area of car manufacturing that was set to reduce the overall CO2 emissions from cars is by producing more electric vehicles. However it’s predicted that despite the ‘super credits’ scheme (a reward for car manufacturers upon production of more EVs) for electric, hybrid and plug-in hybrid cars proposed by the EU – VW, BMW and Daimler will still miss target. The car manufacturing world therefore faces the tricky task of making EVs a more attractive option for customers if they want to actively reduce CO2 levels.

This last point was reinforced by Thomas Goettle, an automotive expert at PA Consulting Group: “If the EU and governments really want to achieve these reductions in emissions they will need to provide more incentives for EV use, while carmakers will need to do more to address the technical problems around EV range. The EU could also look at multiplying the value of ‘super credits’ or – the better option – taking a more incremental approach to targeting emissions reductions, as it has done with the 2015 target. This could give carmakers until 2023 – instead of 2020 – before 100 per cent of their fleet needs to be on target for 95g of CO2 per kilometre which could provide a more achievable option.”

Whilst four car companies are on track to hit the EU’s targets to lower CO2 emissions, the car manufacturing industry as a whole will have to work together if we want to ensure a greener environment for the future. This means that car dealerships such as Vauxhall Carlisle
will continue to work towards achieving their CO2 targets.