By Philip Blenkinsop
BRUSSELS (Reuters) -The European Union should ease its CO2 reduction targets for cars, vans and trucks, with longer compliance periods and a greater role for hybrid vehicles and alternative fuels, the bloc’s auto association said on Wednesday.
The European Automobile Manufacturers’ Association (ACEA) presented proposals to the European Commission, which is due to review its targets by the end of the year, taking into account the squeeze on the sector from U.S. tariffs and Chinese supremacy in electric vehicles.
ACEA’s premise is that cutting new car and van CO2 emissions by 100% by 2035 with intermediate 2030 targets is no longer feasible, with automakers facing fines for factors beyond their control, such as insufficient charging stations or low demand.
EVs have a