Ferrari And Aston Martin Fined After Exceeding EU Emissions

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The European Union has announced that supercar makers Ferrari and Aston Martin would receive a fine after failing to meet their emissions targets for 2015. French cars lead the way in lowering carbon emissions.

French automakers, namely, Peugeot, Citroen and Renault ranked first, second and third on an annual list of large car manufacturers with lowest carbon emission. The European Environment Agency (EEA) released the rankings in a report.

The agency said, "Two manufacturers, Aston Martin Lagonda and Ferrari, exceeded their specific emission targets and therefore are required to pay excess emission premiums."

According to the data provided by the agency, Ferrari will receive a fine of 411,000 euros (Rs 2.9 Cr) while Aston Martin has to a pay a fine of 36,370 euros (Rs 25.6 lakh).

Based on the report published by the EEA, in 2015, new cars sold in Europe emitted an average of 119.5 grams of CO2 per km, 8 percent below the 130 g/km target set for last year.

"To meet their EU 2020/21 targets [of 95 g/km / 57 mpg], the average CO2 emissions from new cars and vans will need to continue decreasing at a similar pace," the EEA said in its report.

"The majority of car and van manufacturers met their CO2 specific emission targets in 2015 and some are well on their way to reaching the 2020/21 target."

On the other hand, automakers like Fiat Chrysler Automobiles, Opel, Ford and BMW will have to reduce the carbon emission of their fleet at a faster pace to meet the 2021 target.

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