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Stellantis will be compliant with 2025 EU carbon rules, carmaker's Europe chief says
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Stellantis will be compliant with 2025 EU carbon rules, carmaker's Europe chief says
Dec 12, 2024 8:14 AM

TURIN, Dec 12 (Reuters) - Stellantis ( STLA ) will be

compliant with European Union targets for 2025 intermediate

carbon reduction, aiming to increase electric vehicle (EV) sales

or potentially to cut production of petrol vehicles, the

company's European head said on Thursday.

Jean-Philippe Imparato, who took up Europe's chief position

in October, said the company has no intention of paying EU fines

in 2025, adding this was not even a "talking point" for

Stellantis ( STLA ).

"We've got 14 new fully electric models being launched

between the second half of this year and the first half of

2025," he said.

Based on EU rules, Stellantis's ( STLA ) EV sales in Europe would

have to increase from 12% of the current total to 21%, he said,

with potential fines of 300 million euros ($315 million) for any

missed percentage point.

"When you're in such a situation, either you increase EV

sales volumes or you cut sales volumes of internal combustion

engine (ICE) vehicles," Imparato said.

Cutting ICE volumes could have undesirable consequences, he

said, referring to potential reduced production and job

redundancies, he said.

Imparato said however that a recent decision by Stellantis ( STLA )

to rejoin the European auto lobby ACEA, after it left the group

at the beginning of 2023, means the carmaker would align itself

with ACEA's official proposals.

Under Chief Executive Carlos Tavares, who resigned this

month, the company opposed ACEA's call for relief on EU 2025

intermediate carbon reduction targets, the so-called CAFE

standards. If not met the CAFE standards could cost the auto

industry billions of euros in fines.

Imparato was speaking to reporters after meeting unions in

Turin ahead of talks next week at an official Industry Ministry

meeting in Rome to discuss Stellantis's ( STLA ) long-term manufacturing

plans for Italy.

($1 = 0.9531 euros)

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