Honda joins Fiat in seeking Tesla’s help in meeting Europe’s stricter passenger car emissions standards this year. Last week, the European Commission said in a new document that carmakers would join forces to meet Europe’s new greenhouse gas emissions standards. Fiat has struck a partnership with Tesla, and Honda recently joined the group.
This year’s new EU rules require manufacturers to reduce the average emissions of cars sold in the region to 95 grams of carbon dioxide per kilometre or face hefty fines. As a result, companies are rolling out new plug-in hybrid and all-electric models, and those that may not meet the requirements are better off working with their peers.
Last week, Volvo Cars announced that it would exceed those rules and allow Ford Motor Co. to work with it, but did not disclose the exact amount. Mike Manley, Fiat’s chief executive, told analysts last week that the company had reached an agreement with Tesla that would help it meet new emissions standards, and in return, Fiat would pay Tesla a fee until next year.