Renault has filed notice with the European Commission that it is accepting partners for an "open" emissions pool, an arrangement that allows automakers that are on track to meet tougher CO2 targets to combine their emissions with others that might be in danger of missing them, resulting in heavy fines.
The European Commission considers a pool as one manufacturer for the purpose of compliance with a specific CO2 emissions target. There are two types of pools: Closed pools are brands under one automotive group, while open pools have at least one outside member.
The financial details of all open pools are not known, but Tesla’s revenues from its FCA pool in Europe -- and a similar arrangement in the U.S. -- were $594 million in 2019, and $354 million in the first quarter of 2020 alone.
Renault is likely to be well under its emissions targets for 2020. It has Europe’s best-selling electric vehicle, the Zoe small hatchback, and this year introduced a number of electrified models, including plug-in hybrid versions of the Captur small SUV and Megane compact station wagon and hatchback, as well as a conventional hybrid version of the Clio small hatchback.
Full-electric vehicles such as the Zoe are eligible for EU "supercredits," meaning that each sale is counted twice in 2020.