BRUSSELS/LONDON - Car manufacturers will need to meet tight emissions limits for their activities to be classed as a sustainable investment under proposed European Union rules, which the auto industry said could undermine investment in the sector’s green transition.
The EU aims to force providers of financial products to disclose which investments meet these criteria to avoid “greenwashing”, or presenting a product as environmentally friendly even when it falls short, and steer private investment into low-carbon projects. From 2026, only zero-emissions vehicles in these categories would be classed as a sustainable, meaning hybrid vehicles would lose their “green” label.
“The automotive sector is worried that the regulation might instead deter investors at the very time when it needs additional funding to transition towards cleaner solutions,” a spokesperson for the group said.
So now cars make 1/2 the horsepower. Sounds like fun 🤣😂
wow
So .. bang goes Saving up for a Dodge Charger !!