The EU Commission wants to make it easier for European car manufacturers to meet the climate targets for 2025. This was announced by EU Commission President Ursula von der Leyen (CDU) at a press conference on Monday. She had previously met with industry representatives in Brussels to discuss the current situation in the industry.
The solution is to be a so-called "quick fix" for the industry, which is to be presented as early as this month. According to this, the CO2 targets for 2025, 2026 and 2027 are to be combined into one compensation period. Achieving the targets on an annual basis is therefore off the table.
This caused a clear market reaction on the stock exchange. Shares in German car manufacturers benefited in particular, all of which rose by more than two percent. The shares of $DTG (-1,2%) Daimler Truck and $VOW (+0,81%) Volkswagen rose the most, each by more than five percent. Also $BMW (-2,58%) BMW, $MBG (-1,56%) Mercedes Benz and $P911 (+1,02%) Porsche also participated with rising share prices.
On Wednesday, von der Leyen will officially present the action plan for the automotive industry, which was jointly developed in the Strategic Dialogue and will include further measures such as the expansion of the charging infrastructure. In addition, money is to be made available for a social leasing program via the Climate Social Fund.
Source (excerpt): Handelsblatt, 03.03.25 | Graphic: ChatGPT