The European automobile industry faces growing pressure to review the emissions targets established by Brussels, at a time when manufacturers are approaching the threshold of million-dollar financial sanctions.
The main cause of this situation is related to the significant slowdown in sales of 100% electric vehicles, which have not met the initial forecasts of manufacturers or the ambitious targets of the European Union for the energy transition.
This factor is compounded by external competition, which has been gaining market share on the European continent and placing traditional manufacturers in an even more vulnerable position.
As a result, European manufacturers are being forced to implement production cuts and develop survival strategies to avoid the heavy fines that threaten their financial viability.
