European Parliament approves post-2020 CO2 emission targets for cars and vans

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The legislation now requires final adoption by the European Council before publication in the Official Journal

In December 2018, the EC, European Parliament and European Council finally reached an agreement to reduce CO2 emissions by 37.5% by 2030 for cars and 31% for vans, compared to the 2021 level. Both types of vehicle will also be subject to an interim CO2 reduction target of 15% by 2025. According to the European Parliament, transport is responsible for nearly 30% of the EU’s total CO2 emissions, of which 72% comes from road transport. Further, passenger cars account for 60.7% of total CO2 emission from EU road transport.

An excerpt from IHS Markit