Europe’s carmakers discount EVs, hike petrol car prices as new emissions rules loom

European car makers are increasing petrol car prices. They are also discounting electric vehicles. New EU emission rules are forcing this change. Car companies must sell more electric vehicles. They face large fines if they do not meet targets. The industry is worried about lower profits. Some companies are already pooling emissions. European car makers are increasing petrol car prices. They are also discounting electric vehicles. New EU emission rules are forcing this change. Car companies must sell more electric vehicles. They face large fines if they do not meet targets. The industry is worried about lower profits. Some companies are already pooling emissions.  Economic Times