Heavy penalties for big polluters
Want to buy a gas-hungry exotic in France? Well, you sure can, but you might be paying a little more than you think. A finance bill currently in the French parliament double the penalty consumers pay based on carbon dioxide emissions, according to Bloomberg.
In some cases, these penalties can reach up to € 50,000 ($ 59,000) in 2022. In this new plan, vehicles that emit more than 225 grams of carbon dioxide per kilometer will be taxed at the rate of € 40,000 ($ 47,255) in 2021, and that number will increase in 2022.
So what cars could be hit? To name a few, Lamborghini Urus and Aventador, Porsche 718 Spyder and 911, Rolls-Royce Ghost and Cullinan, Bentley Flying Spur, several Mercedes-AMG and G-Class models, and Ferraris Portofino and 812 Superfast. Many others could also suffer the same fate.
“This would be relatively bad news for supercars, luxury and exclusive vehicles, and put a stop to cars imported from abroad,” Felipe Munoz, analyst for Jato Dynamics, said, adding that high-volume SUVs could be threatened in France by the tax.
As of this writing, the law has not been passed by Parliament. However, if so, it could add high pressure to the automotive industry. This pressure comes from the 2030 Climate Objective Plan of the European Union. This plan aims to reduce CO2 emissions by 55% compared to the levels recorded in the 1990s.