Car makers are within 6.5g/km of the overall European Union CO2 emissions target for the first eight months of 2020, with the average CO2 figure across Europe sitting at 102.2g/km at the end of August, once bonus credits for selling low-emission vehicles are taken into account, according to data expert Jato.
The company said that Volvo parent company Geely, which also includes Polestar, Lotus and LEVC, is leading the sector by being the only brand currently outperforming its weight-adjusted target. The company’s individual figure to hit was 110/3g/km, and its average for January-August 2020 is 103.1g/km.
BMW is next, averaging 103.5g/km versus a 102.9g/km target, making it likely that it will be below its goal by the end of this year.
Manufacturers face fines of 95 euros for every g/km they are over their allotted CO2 emissions target, which is based on the weight and emissions of its vehicle sales. Any cars under 50g/km count as a credit, which Jato said is at least partially behind the huge rise in electrified vehicles as a percentage of European sales.
The impact of the super credits system is illustrated, Jato said, by the figured for Hyundai-Kia. The Korean brand would have been averaging 110.8g/km average emissions figure so far versus a 93.5g/km target for the full year, but its 8% pure EV sales ratio for 2020 drops its average to 96.4g/km and within range of avoiding fines with electrified cars likely to contribute even more strongly to figures across the final four months of the year.
Between 2015 and 2019, the Hyundai-Kia average emissions figure only dropped from 127.3g/km to 124.0, but increasing its sales of electric, PHEV and hybrid models to 25% of its sales has seen a big drop in 2020.
ON the flip-side, Jato said that Toyota and Lexus has stalled in terms of its hybrid vehicles, reaching a 61% penetration by 2018, but only increasing that to 65% for the first eight months of 2020 leaving it at a 95.1g/km average versus 92.9g/km target for 2020.