End of thermal engine: “Ferrari amendment”, a rearguard fight in Europe

At the initiative of the European Parliament, luxury car manufacturers will have an additional time to go to the whole-electric and reduce their CO₂ emissions.

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Europe has programmed the end of the heat engine by 2035, but some models will have an additional stay. At the initiative of the European Parliament, very luxury cars, these “supercars” whose basic price exceeds 200,000 euros, will benefit from a preferential treatment to pass – a shame! – all-electrical at a senator train.

Baptized “Ferrari Amendment”, the text adopted on June 8 provides that manufacturers whose production is between 1,000 and 10,000 vehicles per year will not have to comply with the intermediate target of 2030, which provides To reduce the emissions of co 2 by 55 % compared to 1990. These brands will certainly have to comply with the obligation of carbon neutrality, but only from 2036, a year after the term fixed for the rest of the automotive industry.

By then, buyers of very luxury cars will be able to continue to drive aboard overpowered cuts motorized by mechanics stuffed with hydrocarbons. Firms whose production is below 1,000 units per year like Bugatti (Volkswagen group), Morgan or the Swedish Koenigsegg will escape, for their part, the programmed restrictions.

strong presence of Italian deputies

Meanwhile, the vulgum will have to convert to hybrid or electric and fulfill a significant additional cost, in order to contribute to the achievement of collective objectives for reducing CO 2 emissions . Even if the “Supercars” represent only 0.2 % of the market, such a message appears to be difficult to compatible with the construction of a consensus around the ecological transition. Especially when, in parallel, Europe insists on the need to democratize the transition towards more concerned mobility of the environment.

This preferential regime could benefit Lamborghini (8,500 vehicles per year), McLaren (4,000 cars in good years) and, theoretically, Rolls-Royce (5,500 sales in 2021). Despite its title, the amendment adopted by the European Parliament should not, as it stand, concern Ferrari, unless a strategic turnaround. The Cabrated Horse brand has embarked on a regular increase in its production, which represented 11,153 units in 2021, and has to reach the 15,000 mark in 2025, as part of a plan intended to bring nearly 40 % its margin rate.

The vigorous plea in favor of an exceptional regime pronounced by Roberto Cingolani, Minister of the Italian Ecological Transition (and former member of the Board of Directors of Ferrari), undoubtedly contributed to associating this amendment to the firm de Maranello. As well as the strong presence of Italian deputies among the signatories of this proposal adopted by a conjunction of elected officials of the far right, right, center and left.

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/Media reports.