Porsche joins Xpeng’s emissions pool to avoid EU CO2 penalties
Porsche plans to leave Volkswagen’s emissions pool and join Xpeng’s to avoid EU CO2 penalties, as Brussels requires new cars to average below 93.6 g/km from Jan. 1, 2025, with fines of 95 euros per gram over the limit. Porsche’s ICE demand is high, Western Europe EV sales are down ~30%, and it plans 5,000 more job cuts by 2035 (8,900 total).