#Supercredits

BMW’s CEO Norbert Reithofer lambasted EU lawmakers for attempting to “hurt European industry in competition with the United States and China,” as Reuters reports. Said Reithofer at today’s General Meeting of Shareholders in Munich:

European carmakers, faced with greenhouse gas emission targets much stricter than America’s CAFE rules, can breathe slightly easier. According to Reuters, European politicians backed a compromise deal that keeps stringent targets in place, but that also introduces a loophole: So-called supercredits, gained by making very low emission vehicles, such as electric cars, which nobody actually needs to buy. Quota cars, here we come.