Markets
Stocksak calls Euro 7 standards “diversion”.


© Stocksak. FILE PHOTO: Carlos Tavares (Chief Executive Officer at Stellantis) attends the Paris Automotive Summit in Paris, France, October 18, 20,22. REUTERS/Stephane Mahe
BERLIN (Stocksak). Uncertainty regarding the future European regulation on auto emission gives Chinese competitors an extra advantage, Stellantis chief executive Carlos Tavares stated Tuesday at a conference held in Berlin.
The chief executive stated that the Euro 7 standards, which aim at reducing car emissions for pollutants such as carbon monoxide and nitrogen oxides, are a “diversion towards the major goal” of electrification.
“I don’t think Europe requires Euro 7… It is going be diverting part of our research power to something that we don’t require, while our Chinese rivals enter the market using the single technology of electric vehicles,” he stated.