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.
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