Automakers to pool CO2 emissions with Tesla, Mercedes to comply with EU 2025 rules (updated)

Subaru

07/01/2025 12:18

(Adds detail, context, changes headline)
       MILAN, Jan 7 (Reuters) - Stellantis  STLA.MI , Toyota
 7203.T , Ford  F.N , Mazda  7261.T  and Subaru  7270.T  are
planning to pool carbon emissions with U.S. EV maker Tesla
 TSLA.O  to comply with European Union 2025 rules, an EU filing
showed on Tuesday.
    Volvo  VOLCARb.ST , Polestar  A4N1y.F  and Smart are also
planning to pool their carbon emissions with Mercedes  MBGn.DE ,
the same document showed.
    If not met, EU 2025 intermediate carbon reduction targets,
or so-called CAFE standards, could  cost automakers billions of
euros in fines.
    A spokesman for Stellantis said the carmaker's participation
to the pool would help it meet its EU targets for 2025 "while
optimising our resources". 
    "At the same time, we continue to focus on developing the
innovative electric and low-emission technologies that are at
the heart of our strategy," the spokesman said.
    The other carmakers involved were not immediately reachable
for comment.
    Stellantis' head of European operations, Jean-Philippe
Imparato, last month said that based on EU rules, the group's EV
sales in Europe would have to increase from 12% of the current
total to 21%, with potential fines of 300 million euros ($312
million) for any missed percentage point.
        ($1 = 0.9606 euros)

 (Reporting by Giulio Piovaccari; additional reporting by Philip
Blenkinsop; editing by Giulia Segreti and Jason Neely)
 ((giulio.piovaccari@thomsonreuters.com))