Aston Martin and Ferrari Get Fined For Failing To Meet EU CO2 Goals

The European Union has been on a push to reduce emissions and most automakers have met standards for 2015, except for two.

In an annual report done by the European Economic Area (EEA), new cars in 2015 emitted an average 119.5 grams of CO2 per kilometer. This represents a 3.1 percent decrease from the year before.

"To meet their EU 2020/21 targets [of 95 g/km], the average CO2 emissions from new cars and vans will need to continue decreasing at a similar pace,” the EEA said in its report. “The majority of car and van manufacturers met their CO2 specific emission targets in 2015 and some are well on their way to reaching the 2020/21 target.”

However, Aston Martin and Ferrari failed to meet their emission targets and will be fined. Automotive News Europe (Subscription Required) reports the fines will be negligible according to their calculations. Using a formula that takes into account excess emissions and number of cars registered, Aston Martin will be paying €410,760 (about $426,807) and Ferrari will be fined €36,370 (about $37,390).

Pic Credit: Aston Martin