Transportation
VW, Stellantis Are Big Winners From EU Relaxing CO2 Rules
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Car executives who’ve walked back their electric vehicle ambitions are breathing sighs of relief after the European Commission proposed easing emissions rules that were supposed to get stricter this year.
By allowing automakers to exceed tougher targets in 2025 and avoid fines, President Ursula von der Leyen is bowing to months of pressure from an industry that already was wavering on electrification. Volkswagen AG and Stellantis NV, in particular, have recalibrated product plans after ousting chief executives who bet aggressively on EVs that consumers weren’t yet ready to buy.