Energy crisis: Impact on competitiveness of EU auto sector
The whole automotive value chain is concerned that, without significant political action on the energy crisis, it will become increasingly difficult to make the case for manufacturing and investments in the EU.
The automotive sector and its whole value chain is a backbone of the European economy. It represents:
- Jobs for 13 million Europeans
- 11.5% of EU manufacturing employment
- €374.6 billion in tax revenue for European governments in major markets
- €79.5 billion trade surplus for the EU
- 8% of the EU’s GDP
- €58.8 billion invested in R&D annually, or 32% of total EU spending
In summary
- Rising energy prices and increased production costs are putting the entire automotive ecosystem under strain.
- High inflation rates, unprecedented concerns about energy prices and supply, and lower incomes for Europeans are alarming the whole value chain, from the largest manufacturers to the smallest SMEs, as well as the aftermarket.
- The sector appreciates recent policy initiatives at the national and European levels. However, uncertainties about the implementation and effectiveness of these measures persist. A structured dialogue with the sector is therefore urgently needed.
The need for strong political action
The whole automotive value chain – represented by the European Automobile Manufacturers’ Association (ACEA), the European Council for Motor Trades and Repairs (CECRA), the European Association of Automotive Suppliers (CLEPA), European Tech & Industry Employers (CEEMET) and the European Tyre and Rubber Manufacturers’ Association (ETRMA) – is concerned that, without significant political action, it will become increasingly difficult to make the case for manufacturing and investments in the EU.
Additional political initiative is urgently needed to avoid new import dependencies and to ensure access to affordable energy. All energy carriers have a role to play.
We need strong and coordinated EU-wide action that supports both the sector and consumers.
We stand ready to work together with policy makers to ensure the success of the mobility transition.
Read the full statement to find out more about the issues that the automotive sector is facing.
The whole automotive value chain is concerned that, without significant political action, it will become increasingly difficult to make the case for manufacturing and investments in the EU.
