PSA’s Peugeot brand will not be required to pay any emissions fines in 2020 as its CO2 targets for Europe have already been met, according to CEO Jean-Philippe Imparato.
“Our October production that will turn into registrations in January is already fully compliant with the average of 93 gram per kilometer of CO2 the Peugeot brand has to achieve next year,” said the exec in an interview with Autonews Europe.
Imparato also stated that Peugeot isn’t worried about paying fines, since starting next year they will check their average CO2 emissions against EU registrations on a weekly basis.
“We do not need to force self-registrations of high-emitting models by year-end because we are already aligning production with next year’s emissions needs,” he added.
Some analysts believe that carmakers could be hit with billions of euros in fines if they miss the European Union’s fleet CO2 emissions reduction target. One reason why car companies are struggling to reduce emissions is the growing popularity of SUVs, which are less fuel efficient than smaller models such as compact hatchbacks or mid-size sedans.
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Back in March, PSA Group boss Carlos Tavares said that the automaker would need electrified models (like the e-208 and plug-in hybrids) to account for 7% of its sales, with diesel accounting for about 10%, in order to comply with 2020 CO2 emissions targets for Europe.
However, last month in Frankfurt, Tavares added that the decline of diesels isn’t as steep as he feared, so he anticipates that oil burners could still account for 20% to 25% of the PSA Group’s sales next year.
