TECH - Stellantis Forges Emissions Accord With California Pledges To Uphold 2030 Zero-Emissions Vehicle Sales Targets | Benzinga
In a significant development, automaker Stellantis (NYSE:STLA) has struck an emissions agreement with the state of California. This comes after the company’s unsuccessful attempts to join a similar deal in 2019.
What Happened: Stellantis has committed to adhere to California’s zero-emissions, light-duty vehicle sales requirements through 2030, Reuters reported on Tuesday. This commitment stands even if the state cannot enforce its rules. Furthermore, Stellantis will not oppose California's authority under the Clean Air Act for its greenhouse gas emissions and zero-emission vehicle standards.
Previously, automakers like Ford, Honda, Volkswagen, and BMW had voluntarily agreed to similar emissions reductions with California in 2019, with Volvo Cars, owned by China’s Geely, joining soon after.
In December, Stellantis challenged California’s refusal to allow it to join the agreement, citing that it had to cut some work in Michigan and Ohio at two SUV plants due ...