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Major roadblocks for diesel in Europe

  • France will phase out tax breaks on diesel vehicles as a consequence of the Volkswagen (VLKAY) emissions scandal.  The adjustment on diesel and gas taxes will begin with the 2016 budget.
  • Health and pollution concerns were already chipping away at diesel's reputation before the Volkswagen revelation.
  • LMC Automotive estimates the percentage of diesel cars sold in Europe will fall to 35% by 2022 after being 53% last year.
  • German automakers (OTCPK:DDAIF, BAMXY, VLKAY) and French automakers (OTCPK:PEUGF, OTC:PUGOF, OTC:RNSDF, OTCPK:RNLSY) may have to adjust strategy to account for the decline of diesel.

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