Japanese carmaker’s deal with Chinese rival part of EU-sanctioned offsetting scheme to help head off £13bn in fines
The Japanese carmaker Nissan is to team up with its Chinese electric vehicle rival BYD in a bid to offset their carbon emissions and avoid EU penalties for 2025, it has confirmed.
It is part of a wider offsetting scheme the EU has sanctioned for the car industry that could help manufacturers of combustion engine cars head off an estimated £13bn in fines.
Nissan said in a statement: “Nissan has formed a pool with BYD for its CO2 fleet emissions in Europe for the 2025 calendar year. The scope of the agreement covers passenger vehicles within EU markets and will contribute to Nissan’s commitment towards zero emissions in a sustainable way, while continuing to support the EU’s 2050 decarbonisation target.”
It added that it had entered into the agreement to “ensure the business is better able to comply with EU regulations and continue the transition towards our own goal of zero emissions”.
