CO2 car and van targets: industry reacts to European Parliament votes
Brussels, 10 July 2018 – The European Automobile Manufacturers’ Association (ACEA) takes note of the outcomes of today’s European Parliament votes on post-2020 CO2 targets for cars and vans in the TRAN and ITRE Committees, and will now make a further assessment of the details.
Generally speaking, Europe’s car manufacturers remain extremely concerned about the feasibility of the proposed CO2 targets and timings, which do not sufficiently consider the impacts on consumers and those working in the automotive sector. With this in mind, ACEA considers a 20% CO2 reduction by 2030 for cars to be achievable at a high, but manageable, cost.
“Looking ahead, we can only hope that Members of the European Parliament (MEPs) will be able to speak with a united and realistic voice ahead of the vote of the Environment Committee in September and the Plenary vote in October,” stated ACEA Secretary General Erik Jonnaert.
- The European Automobile Manufacturers’ Association (ACEA) represents the 15 major Europe-based car, van, truck and bus makers: BMW Group, CNH Industrial, DAF Trucks, Daimler, Ferrari, Ford of Europe, Honda Motor Europe, Hyundai Motor Europe, Jaguar Land Rover, 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
- 14.6 million Europeans work in the auto industry (directly and indirectly), accounting for 6.7% of all EU jobs.
- 11.5% of EU manufacturing jobs – some 3.7 million – are in the automotive sector.
- Motor vehicles are responsible for €398.4 billion of tax revenue for governments across key European markets.
- The automobile industry generates a trade surplus of €74 billion for the EU.
- The turnover generated by the auto industry represents more than 8% of the EU’s GDP.
- Investing €62 billion in R&D annually, the automotive sector is Europe’s largest private contributor to innovation, accounting for 33% of total EU spending.