EU Parliament Fast-Tracks Softened CO2 Emissions Targets

The European Parliament has accelerated the approval process for revised EU CO2 emissions targets for cars and vans.

Lawmakers voted on a motion favoring swift approval, aiming to implement changes without prolonged discussion. The new targets afford automakers additional compliance time and may reduce penalties.

A crucial vote on the Commission's proposal is scheduled for Thursday, but EU governments must endorse the plan for it to take effect.

(With inputs from agencies.)