As EV demand slows, Europe’s auto industry might face €15 billion in fines over emissions, warns Renault CEO

Europe's auto industry may face fines of 15 billion euros due to a slowdown in electric vehicle demand, according to Renault CEO Luca de Meo. With tougher EU CO2 targets in 2025, automakers could either pay hefty fines or cut production by over 2.5 million vehicles if current trends continue.