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Stellantis to buy CO2 credits from Tesla 'pool' also in 2025, exec says
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Stellantis to buy CO2 credits from Tesla 'pool' also in 2025, exec says
Mar 29, 2025 6:31 AM

TURIN, Italy, March 29 (Reuters) - Stellantis ( STLA )

will buy credits from a "pool" led by Tesla also in

2025, to meet European Union's CO2 reduction requirements,

despite Brussels giving carmakers three years to comply, the

group's Europe head said on Saturday.

Carmakers facing tougher EU emissions rules this year agreed

to pool their emissions and avoid hefty fines by having firms

with lower electric vehicle (EV) sales buy carbon credits from

segment leaders including Tesla and Polestar.

Stellantis ( STLA ), Europe's second largest carmaker, entered a pool

led by Tesla, which also includes other competitors.

However, earlier this month the European Commission yielded

to pressure from European manufacturers and allowed compliance

based on a carmaker's average emissions over the 2025-2027

period, rather than just on 2025 as initially envisaged.

Asked whether Stellantis ( STLA ) planned to use credits bought from

Tesla this year, the group's head of European operations

Jean-Philippe Imparato said: "I'll use everything".

Imparato spoke at an automotive event in Turin, where it

said Stellantis' ( STLA ) current EV mix on its European sales was at

14%, compared to a 21% target set by the EU.

The 2027 extension "gives us some breathing space, but does

not provide a solution," he said.

Imparato added production on the new hybrid version of the

Fiat 500 city car would start at Stellantis Mirafiori complex in

Turin in November, with an annual targeted output for the car,

both in its hybrid and EV versions, of 130,000 units.

(Reporting by Giulio Piovaccari; Editing by Valentina Za)

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