In 2020, JLR failed to meet the targets for CO2 emissions on the continent and paid a fine of $48.2 million.
British automaker Jaguar Land Rover (JLR) has joined forces in Europe with American competitor Tesla to comply with EU rules on CO2 emissions and avoid fines. The Financial Times newspaper reported this on Wednesday.
According to EU rules, cars sold in the community must comply with its CO2 emission standards, which must remain below their average limits, or pay heavy fines. Competing groups are allowed to pool their emissions to help companies that seek to comply with Brussels requirements.
Last year, JLR failed to meet targets for CO2 emissions on the continent and paid a fine of £35 million ($48.2 million). Such sanctions were caused by low sales of the Jaguar I-Pace electric car and a significant blow to production caused by a shortage of microchips. Joining forces with the electric car manufacturer Tesla, as well as its Japanese partner Honda, which sells only one brand of electric cars in Europe, was in fact “recognition by the British automaker” of the fact that this year it will again go beyond the EU restrictions, the publication notes.
The pool agreement with Jaguar Land Rover is also an incentive for the American company after Fiat Chrysler Automobiles withdrew from the corresponding agreement with Tesla and Honda.
The other pool includes French Renault, Japanese Nissan, and Mitsubishi. Another group consisted of the Swedish Volvo Volvo cars and the Polestar brand of electric vehicles created based on this company. Ford Motor joined them belatedly last year. In accordance with EU regulations, other automakers can join one of these three pools.
JLR previously announced that the company would switch to the production of electric vehicles in the coming years. Jaguar will become an exclusively electric luxury car brand by 2025, and 60% of Land Rover cars sold will be equipped with electric powertrains by 2030.