Premium car prices to soar by £2500?
- EU emission caps could lead to heavy fines
- Car industry faces £9 billion bill
- Extra costs could be passed to car buyers
The price of premium cars could soar if European Commission emissions caps are imposed.
Estimates suggest car makers could be liable for fines of around £9 billion a year if EC proposals are given the go-ahead, with a significant proportion of the costs being passed on to car buyers.
That could mean buyers of Mercedes or BMWs are charged up to £2500 more than at present.
The European Commission wants to cap average emissions for each car manufacturer's range at 130g/km of carbon dioxide from 2012.
The average car emission figure is currently 162g/km, although this varies significantly from manufacturer to manufacturer, according to its model range.
For instance, PSA Peugeot Citroen's models average 142g/km of CO2, whereas Daimler and BMW average 188 and 184g/km respectively.
The latest compromise being proposed is to fine manufacturers about £60 (90 Euros) per gram per car that they exceed the emissions target.
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