Auto industry reacts to deal on CO2 targets for cars and vans
Brussels, 17 December 2018 – The European Automobile Manufacturers’ Association (ACEA) takes note of the final deal on the CO2 regulation for cars and vans, setting targets for the years 2025 and 2030, which was struck by the EU member states and the European Parliament today.
ACEA expresses serious concerns about the highly challenging CO2 targets that auto manufacturers will have to meet by 2030. Delivering a 37.5% CO2 reduction from cars and 31% from vans might sound plausible, but is totally unrealistic based on where we stand today. Industry deplores that these 2030 targets are driven purely by political motives, without taking technological and socio-economic realities into account.
“ACEA’s members are of course committed to further reducing CO2 emissions from their vehicles, but these targets will be extremely demanding on Europe’s auto industry,” stated ACEA Secretary General, Erik Jonnaert. “Indeed, they will require a much stronger market uptake of electric and other alternatively-powered vehicles than is currently proving possible.”
Jonnaert: “All our member companies will continue to invest in their portfolios of alternatively-powered cars and vans, but there are still several obstacles putting the brakes on widespread consumer acceptance, such as affordability and the lack of a sufficiently dense network of recharging and refuelling infrastructure.”
ACEA calls on the 28 member states and the European Commission to ensure that all the enabling conditions are in place for these aggressive CO2 reduction levels, notably the much-needed investments in infrastructure.
Undeniably, these extremely ambitious CO2 targets will have a seismic impact on jobs across the entire automotive value chain, which employs some 13.3 million Europeans. In order to mitigate the negative impact of these structural changes, policy makers need to act swiftly by presenting concrete plans to manage this employment and skills transition in a proper, socially-acceptable way.
Today’s deal still needs to be approved by the Council and voted in the plenary of the European Parliament.
- The European Automobile Manufacturers’ Association (ACEA) represents the 16 major Europe-based car, van, truck and bus makers: BMW Group, DAF Trucks, Daimler Truck, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Iveco Group, Jaguar Land Rover, Mercedes-Benz, Renault Group, Stellantis, Toyota Motor Europe, Volkswagen Group, Volvo Cars, and Volvo Group.
- Visit www.acea.auto for more information about ACEA, and follow us on www.twitter.com/ACEA_auto or www.linkedin.com/company/ACEA/.
- Contact: Cara McLaughlin, Communications Director, firstname.lastname@example.org, +32 485 88 66 47.
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About the EU automobile industry
- 13 million Europeans work in the auto industry (directly and indirectly), accounting for 7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.4 million – are in the automotive sector.
- Motor vehicles are responsible for €374.6 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €79.5 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €58.8 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 32% of total EU spending.