under the new emission norms 95 euros will be charged as fine for per gram co2 emitted per kilometre after the maximum limit of 95 grams new delhi european auto industry is facing a 39 billion penalties threat ahead of the continents adoption of new emission norms that is set to be implemented after six months the auto industry in the continent is also facing the heat of eroding profits from increased electric car saleswith only six months left to be prepared for the new stringent emission norms european auto industry is ill prepared to meet the new norms possibilities are that some brands might exit the european market because of the new emission norm and its consequences while the mettle of remaining brands will be tested advt vehicle sales are already down across the major global markets adding salt to the wound is the trade war between us china and european union that is threatening to increase the cost and and impact economy in this scenario the penalty amount for incompliance to new emission norms will affect the auto industry directlyworlds biggest automobile group volkswagen ag is facing the largest penalty amount that could be around 9 billion euros the german automobile group is followed by psa group and fiat chrysler automobiles german luxury auto majors like bmw and daimler ag too could experience steep decline in their profitaccording to a study conducted by research firm jato dynamics japanese auto major toyota is the only brand to see emission levels dropped in europe in 2018 read alsogovt eyes strict emission rules to boost evs under the new emission norms 95 euros will be charged as fine for per gram co2 emitted per kilometre after the maximum limit of 95 grams from 2021 no new vehicle can exceed that level this move will prompt the automakers to expediate the electrification of their vehicleswith the new emission norms in place automakers will start offering more petrolelecric hybrid and fully electric models advt while the situation seems scary for the automakers french auto major psa is confident to comply with new norms from day one the automaker aid half of its entire lineup will be electrified by 2021 and the entire range within next four years however currently less than 1 of psas registered sales are attributed to evs and hybrid vehicles etauto published on jul 1 2019 at 1106 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app european emission rules emission norms electric