CO2 Emissions Cap May End Carmaking in Europe
GAS-GUZZLING sports cars, four-wheel-drives and people carriers could be priced off the road within five years after a crackdown on carbon emissions to be announced by the European Commission this month.
The average new car in 2012 will have to emit no more than 120 grams of carbon per kilometre under proposals to be announced by the European Environment Commissioner, Stavros Dimas.
He said on Thursday that European carmakers had failed to comply with a voluntary agreement they signed in 1998 to reduce emissions by 25 per cent by 2008, cutting only 13 per cent.
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