Ferrari will be fined by EU regulators for surpassing its fleet emissions targets for 2015, Automotive News Europe reports.
Under EU law, automakers must achieve a fleet wide emissions target of 130 g/km at the most. The European Environment Agency (EEA) fines companies in violation of the law based on the excess emissions and the number of cars it registers annually, with Ferrari set to receive an estimated fine of 410,760 euros. Aston Martin will also be fined about €40,000.
“Two manufacturers, Aston Martin Lagonda and Ferrari, exceeded their specific emissions target by a small amount and therefore excess emission premiums will be imposed,” the EEA said in a statement.
Supercar manufacturers owned by major automakers, such as Lamborghini (a division of Volkswagen Group) can lump their annual emissions in with that of their parent company. An independent automaker such as Ferrari, however, are at a disadvantage as only its cars are accounted for when calculating fleet wide emissions. Ferrari has been able to negotiate its own emissions targets with EU regulators due to its low annual production volume, but still faces an uphill battle when it comes to the law.
Ferrari is looking to reduce its emissions by releasing more turbocharged vehicles and more hybrid vehicles. Three turbocharged vehicles currently occupy its lineup, the California T, 488 GTB and recently-released GTC4Lusso T and the automaker has plans to release more hybrid vehicles by 2020. Despite its desires to reduce greenhouse gas emissions, the Italian automaker has ruled out the possibility of it producing an EV.