Description

CO2 reduction in cars has been the center of attraction, more than ever, since the global recession hammered economies around the world. Europe has been advancing quite significantly with respect to reduction of CO2 from cars augmented by introduction of a CO2 based vehicle registration and circulation tax. The years running up to 2012 will be also be critical for vehicle manufacturers looking to remain competitive as the failure to meet with the CO2 norms for 2012 and beyond will attract heavy penalties from the EU commission. This study is aimed to capture the key strategies followed by automakers to meet the ACEA target for 2012 and 2015 and the impact of CO2 taxation on automaker technology and powertrain planning.