Renault CEO Luca de Meo has highlighted the potential for massive fines and significant production cuts due to slowing demand for electric vehicles (EVs). Speaking to France Inter radio on Saturday, de Meo, who also serves as the president of the European Automobile Manufacturers Association (ACEA), painted a grim picture of the challenges facing automakers as they struggle to meet increasingly stringent EU carbon emission targets.

Auto industry faces EUR 15 billion in potential fines as EV adoption lags behind EU targets

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Auto industry faces EUR 15 billion in potential fines as EV adoption lags behind EU targets