MILAN, Oct 27 (Reuters) - Japanese automaker Mazda ( MZDAF )
has teamed up with its joint venture with China's
Changan to pool carbon credits and help avoid carbon
emissions fines, an EU document showed.
Several legacy carmakers face potential European Union fines as
their shift to electric vehicles (EVs) has been slower than
expected. But those with lower shares of EV sales can "pool"
their emissions with segment leaders, purchasing credits from
them and lowering their overall averages.
EU's fines, which carmakers have said could total up to 15
billion euros ($17.5 billion) for the industry, were initially
envisaged to apply to 2025 carbon emission levels.
However, in March, the European Commission bowed to pressure
from car manufacturers and allowed compliance based on their
average emissions over 2025-2027.
The pool between Mazda ( MZDAF ) and its 50/50 joint venture with
Changan is valid for 2025 and is open to other manufacturers
until the end of November.
It adds to four others formed earlier this year, all of them
valid for 2025, including ones built around Tesla and
Mercedes-Benz.
($1 = 0.8575 euros)