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The European Parliament, the European Commission and the 27 member states agreed, on June 24, to "stricter restrictions on CO2 emissions on new cars," reports German daily Die Welt.
By 2020, cars will have to limit releases of CO2 to, an average of 95 grams per kilometre, which is 27 per cent less than the 2015 goal of 130g/km. "No other economic zone in the world has set such an ambitious goal," notes the paper, adding –
For the environment, that means that each car will pollute less. For the automobile industry it means a considerable effort. [...] For automobiles buyers, on the other hand, it will mean that new cars will be much more expensive.
According to a study by the Technical University of Aachen, the price of a new vehicle could increase by €2,800 to €3,600 in order to divide up the cost to automakers. According to the Commission, however, the reduction in CO2 emissions will not lead to any increased costs for consumers because they will compensate by decreased consumption of petrol as engines will guzzle less of it, explains Die Welt.
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