PSA, BMW Among Carmakers Seen Avoiding European Emissions Fines

(Bloomberg) — PSA Group and Volvo Cars, along with BMW AG and Renault SA are among carmakers on track to meet European Union emissions rules after sales of battery-powered vehicles tripled during the first half, according to a study.The surge in electric-vehicle sales helped cut average carbon dioxide emissions of new cars registered in Europe by 9% to 111 grams per kilometer — the steepest drop in more than a decade, according to a report by researcher Transport & Environment.“Electric car sales are booming thanks to EU emissions standards,” Julia Poliscanova, a director at the Brussels-based group, said in a …read more

Source:: Yahoo Finance

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