Reported about 21 hours ago
Automakers are forming alliances with electric vehicle companies to mitigate potential European Union fines for carbon emissions, which could total up to €15 billion. Slower than expected adoption of EVs in Europe has led several legacy car manufacturers to seek compliance strategies, including pooling resources with companies like Tesla, Nissan, and Hyundai. These collaborations aim to balance carbon emissions as the market for EVs is projected to grow significantly over the next few years.
Source: YAHOO