Brussels sources added that the European Union executive will propose at least a 30 percent reduction target for CO2 emissions from trucks by 2030, an EU source said on Monday, as the bloc seeks to slash greenhouse gas emissions. Meanwhile the target will be the first ever CO2 standard for trucks in the EU, which has no limits on what accounts for almost one quarter of the bloc's transport-related emissions.
Further countries such as the United States, China, Japan and Canada have already set targets to reduce CO2 emissions from trucks. Meanwhile the environmental campaigners alongside France and some other EU governments have pushed for an ambitious CO2 reduction target of at least 24% for 2025 and 34-45% for 2030.
Furthermore the Commission will also propose
an intermediary target of 15% and would introduce an incentive system of
credits to reward manufacturers who invest more in low-carbon technologies.
Moreover credits would be allowed to relax manufacturer's annual CO2 targets
for heavy duty vehicles by no more than 3%, while for buses, coaches
and small lorries by 1.5%.
Demand for diesel vehicles expected to fall 35 - 36% by 2019 New Delhi sources stated that the demand of diesel vehicles has been declining over the past few years and is expected to reduce to sub 25% level, post implementation of BS - VI norms. According to ICRA declined to 38% in FY2018 and is expected to fall further to 35-36% in FY2019 and will eventually go lower.
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