The European Commission yielded to pressure from European automakers on Monday by giving them three years, rather than only one, to meet new CO2 emission targets for their cars and vans. The EU significantly lowered its cap on automotive carbon dioxide emissions this year,

European Commission President Ursula von der Leyen said the bloc would grant carmakers a three-year window in which to hit carbon dioxide emissions targets that were originally set for this year.

European Commission President Ursula von der Leyen proposed granting car manufacturers more time to comply with stricter climate targets on Monday, as the sector struggles with disappointing electric vehicle sales and competition from outside the bloc.

The European Commission yielded to pressure from European automakers on Monday by giving them three years, rather than just one, to meet new CO2 emission targets for their cars and vans. The EU significantly lowered its cap on automotive carbon dioxide emissions this year,