Europe moving to add a CO2 based vehicle tax

As Europe shifts toward a CO2-based vehicle taxation regimen and manufacturers hasten their efforts to comply with stringent EU CO2 mandates (average fleet fuel economy of approximately 48 mpgUS diesel and 42 mpgUS gasoline combined on the NEDC by 2015), demand for low-CO2 automobiles has skyrocketed. As a result, every European manufacturer is racing towards capturing a share of the new marketplace. A report released by Frost & Sullivan found that about 80 percent of the European vehicle sales are expected to be in the 41 mpgUS diesel and 37 mpgUS gasoline combined on the NEDC) by 2015.