ICCT: five out of seven truck makers will meet the 2025 15% EU emissions reduction targets
Europe’s CO₂ standards mandate a 15% reduction in average emissions from new heavy-duty vehicles compared to 2019 levels. Manufacturers can earn credits by producing low-emitting vehicles between 2019 and 2024 and use these credits in 2025 if they miss the 15% target. Here's the current situation.
According to a new study by the International Council on Clean Transportation (ICCT), five of the seven largest truck makers, representing 70% of the market, are on track to meet the EU’s first-ever CO₂ target for heavy-duty vehicles (HDV).
As explained by the ICCT, Europe’s CO₂ standards mandate a 15% reduction in average emissions from new heavy-duty vehicles compared to 2019 levels. There are also several compliance flexibilities available: manufacturers can earn credits by producing low-emitting vehicles between 2019 and 2024 and use these credits in 2025 if they miss the 15% target. They can also transfer vehicles between brands, effectively allowing manufacturers with the same parent company to pool their emissions.
EU emissions reduction targets: truck brands involved
In particular, two manufacturers, namely Scania and Volvo Trucks, have already met the 2025 CO₂ target two years early in 2023, with Volvo leading Europe in zero-emission heavy vehicle sales. Renault Trucks and DAF can comply using credits earned between 2019 and 2023, while MAN can stay on track by pooling their emissions with Scania. Daimler Truck will need moderate improvements to their diesel vehicles or higher zero-emission sales. Iveco faces a steeper challenge but could course-correct through efficiency improvements and increased zero-emission HDV sales.
