| Sourced From Businesscar.co.uk |
Van makers facing heavy fines for missing tough new targets on CO2 limits have gained a major reprieve from the European Commission.
The EC had drafted legislation that proposed a 175g/km CO2 limit for new vans registered from 2012, with hefty fines for non-compliance. The new proposal keeps that limit but allows makers four more years to reach it.
The 175g/km limit (equating to 42.8mpg) will be phased in from 2014 at which time 75% of van fleets sold in Europe must meet the average figure. By 2015 it goes up to 80% and by 2016 100%. A lower average threshold of 135g/km CO2 is proposed for 2020, though the intermediate 160g/km limit planned for 2016 has been dropped. The most recent figure, for 2007, sees the current average at 203g/km.
The EC says the costs of reaching the 175g/km limit will be about
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