Stellantis has confirmed that it is looking towards reducing production of its Internal Combustion Engine models to meet the 2025 EU emission targets. The Chief Executive of the company, Carlos Tavares revealed that the firm is not looking towards delaying any further in terms of bringing changes in its rules and will comply with the norms, avoiding fines that it may have to pay if it does not comply with the updated norms.
The company’s newly appointed European Chief Operating Officer, Jean-Philippe Imparato mentioned that to meet the 2025 emission targets, the company will have to double its EV share next year to 24% of total vehicles. Imparato added further that the other option available to the company is to reduce the production of its ICE models.
The updated European Union emission norms will come into effect starting from the 1st of January next year, and according to the norms the emission target to be achieved by each company per excess gram per vehicle is now 95 g/km, which is almost 12 g/km lower than the earlier target of 106.6 g/km. Imparato has said that the company is looking at several ways to boost its EV sales such as, increasing dealer incentives and increasing prices of its existing ICE models. Stellantis had purchased 51% controlling stake in a China owned company called Leapmotor, and the sales delivered by this company will be counted in the Stellantis group’s overall emission figures.
Emission norms are strangling ICE productions and sales in most countries now, and we can see a decently rapid shift from Internal Combustion Engines to EVs. Owing to such laws, a company that was known for its superb combustion engines is underway a massive overhaul in terms of its products.
